Short Interest in Plum Acquisition Corp. IV (NASDAQ:PLMK) Drops By 22.6%

Plum Acquisition Corp. IV (NASDAQ:PLMK) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 492 shares, a drop of 22.6% from the December 15th total of 636 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 47,225 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 47,225 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Plum Acquisition Corp. IV

Hedge funds and other institutional investors have recently bought and sold shares of the business. Moore Capital Management LP bought a new position in shares of Plum Acquisition Corp. IV in the 2nd quarter worth $772,000. BCK Capital Management LP acquired a new position in shares of Plum Acquisition Corp. IV during the 2nd quarter worth about $1,028,000. Wealthspring Capital LLC bought a new stake in shares of Plum Acquisition Corp. IV in the 2nd quarter valued at about $2,314,000. Radcliffe Capital Management L.P. acquired a new stake in shares of Plum Acquisition Corp. IV in the 2nd quarter valued at approximately $3,201,000. Finally, Goldman Sachs Group Inc. bought a new position in Plum Acquisition Corp. IV during the 1st quarter worth approximately $3,409,000.

Plum Acquisition Corp. IV Stock Up 0.1%

NASDAQ:PLMK traded up $0.01 during mid-day trading on Friday, reaching $10.48. 575 shares of the company were exchanged, compared to its average volume of 33,673. Plum Acquisition Corp. IV has a 12 month low of $9.94 and a 12 month high of $10.58. The company has a fifty day moving average of $10.43 and a 200 day moving average of $10.36.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.07 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Plum Acquisition Corp. IV in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Plum Acquisition Corp. IV currently has a consensus rating of “Sell”.

Plum Acquisition Corp. IV Company Profile

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.