Plutonian Acquisition Corp II (NYSE:PLUN – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 512 shares, a decrease of 50.6% from the August 31st total of 1,036 shares. Based on an average daily trading volume, of 32,657 shares, the short-interest ratio is currently 0.0 days.
Plutonian Acquisition Corp II Stock Performance
Shares of NYSE:PLUN remained flat at $10.08 during trading on Thursday. The stock had a trading volume of 912 shares, compared to its average volume of 97,719. Plutonian Acquisition Corp II has a 1 year low of $9.94 and a 1 year high of $10.10. The company’s 50 day simple moving average is $10.04.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on PLUN shares. Weiss Ratings started coverage on Plutonian Acquisition Corp II in a research note on Monday, September 14th. They set a “sell (e)” rating on the stock. Wall Street Zen upgraded Plutonian Acquisition Corp II to a “hold” rating in a research report on Saturday, June 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.
Plutonian Acquisition Corp II Company Profile
Plutonian Acquisition Corp II is a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more operating businesses.
As a blank-check company, Plutonian Acquisition Corp II does not operate a conventional business and does not currently offer products or services to customers. Its activities are focused on raising capital, evaluating potential acquisition targets and pursuing a qualifying business combination.
The company has not publicly established a completed operating acquisition or a specific geographic market in which it serves customers.
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