Plum Acquisition Corp. IV (NASDAQ:PLMK) Short Interest Down 81.2% in June

Plum Acquisition Corp. IV (NASDAQ:PLMK) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 621 shares, a decline of 81.2% from the June 15th total of 3,301 shares. Based on an average daily volume of 285,811 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Plum Acquisition Corp. IV Stock Performance

PLMK stock traded up $0.28 during trading on Monday, hitting $10.95. The company had a trading volume of 16,118 shares, compared to its average volume of 151,494. The firm has a 50-day moving average price of $10.65 and a 200-day moving average price of $10.57. Plum Acquisition Corp. IV has a 12 month low of $10.27 and a 12 month high of $12.00.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.05 EPS for the quarter.

Hedge Funds Weigh In On Plum Acquisition Corp. IV

Several hedge funds have recently added to or reduced their stakes in PLMK. Berkley W R Corp raised its position in shares of Plum Acquisition Corp. IV by 4.6% in the 1st quarter. Berkley W R Corp now owns 804,192 shares of the company’s stock valued at $8,492,000 after acquiring an additional 35,304 shares during the period. Glazer Capital LLC boosted its stake in Plum Acquisition Corp. IV by 1.7% during the 4th quarter. Glazer Capital LLC now owns 783,339 shares of the company’s stock worth $8,170,000 after acquiring an additional 13,107 shares during the last quarter. Governors Lane LP grew its holdings in Plum Acquisition Corp. IV by 133.3% during the fourth quarter. Governors Lane LP now owns 700,000 shares of the company’s stock valued at $7,315,000 after purchasing an additional 399,900 shares during the period. Radcliffe Capital Management L.P. grew its holdings in Plum Acquisition Corp. IV by 5.6% during the fourth quarter. Radcliffe Capital Management L.P. now owns 449,055 shares of the company’s stock valued at $4,693,000 after purchasing an additional 23,725 shares during the period. Finally, Rivernorth Capital Management LLC increased its stake in Plum Acquisition Corp. IV by 45.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 369,581 shares of the company’s stock valued at $3,855,000 after purchasing an additional 115,831 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Plum Acquisition Corp. IV in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Plum Acquisition Corp. IV

Plum Acquisition Corp. IV is a special purpose acquisition company incorporated in the Cayman Islands. Trading on the Nasdaq under the ticker PLMK, the company has no operating history and was formed for the purpose of effecting one or more business combinations, such as a merger, capital stock exchange, asset acquisition or similar transaction.

The company completed its initial public offering, raising capital through the sale of units comprised of ordinary shares and warrants. The net proceeds of the offering are held in a trust account, pending the identification and consummation of a suitable business combination within the prescribed timeframe, generally 24 months from the closing date of the offering.

Although Plum Acquisition Corp.