Plum Acquisition Corp. IV (NASDAQ:PLMK) Short Interest Up 535.2% in January

Plum Acquisition Corp. IV (NASDAQ:PLMK) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 9,065 shares, a growth of 535.2% from the January 15th total of 1,427 shares. Based on an average daily trading volume, of 87,454 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 87,454 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Plum Acquisition Corp. IV

Hedge funds and other institutional investors have recently made changes to their positions in the company. Magnetar Financial LLC acquired a new stake in shares of Plum Acquisition Corp. IV in the second quarter worth approximately $5,138,000. Wealthspring Capital LLC purchased a new position in Plum Acquisition Corp. IV in the 2nd quarter valued at $2,314,000. Alberta Investment Management Corp acquired a new stake in Plum Acquisition Corp. IV during the 2nd quarter worth $5,150,000. BCK Capital Management LP acquired a new stake in Plum Acquisition Corp. IV during the 2nd quarter worth $1,028,000. Finally, Wolverine Asset Management LLC grew its holdings in shares of Plum Acquisition Corp. IV by 90.5% during the second quarter. Wolverine Asset Management LLC now owns 648,206 shares of the company’s stock worth $6,677,000 after buying an additional 308,024 shares in the last quarter.

Plum Acquisition Corp. IV Price Performance

Shares of PLMK opened at $10.52 on Wednesday. Plum Acquisition Corp. IV has a fifty-two week low of $9.97 and a fifty-two week high of $10.64. The company has a 50 day moving average price of $10.47 and a 200-day moving average price of $10.39.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Plum Acquisition Corp. IV in a research report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average 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.