Short Interest in Plum Acquisition Corp. IV (NASDAQ:PLMK) Declines By 68.7%

Plum Acquisition Corp. IV (NASDAQ:PLMK) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 569 shares, a decrease of 68.7% from the April 15th total of 1,817 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 50,976 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Plum Acquisition Corp. IV

Large investors have recently added to or reduced their stakes in the company. Radcliffe Capital Management L.P. grew its holdings in Plum Acquisition Corp. IV by 36.6% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 425,330 shares of the company’s stock worth $4,389,000 after acquiring an additional 113,975 shares during the last quarter. Crossingbridge Advisors LLC bought a new stake in Plum Acquisition Corp. IV in the 4th quarter worth $262,000. Rivernorth Capital Management LLC grew its holdings in Plum Acquisition Corp. IV by 45.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 369,581 shares of the company’s stock worth $3,855,000 after acquiring an additional 115,831 shares during the last quarter. Glazer Capital LLC boosted its holdings in Plum Acquisition Corp. IV by 1.7% in the fourth quarter. Glazer Capital LLC now owns 783,339 shares of the company’s stock valued at $8,170,000 after acquiring an additional 13,107 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Plum Acquisition Corp. IV in the first quarter valued at $3,409,000.

Wall Street Analyst Weigh In

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

Plum Acquisition Corp. IV Stock Performance

Shares of NASDAQ:PLMK remained flat at $10.64 on Friday. The stock had a trading volume of 9,622 shares, compared to its average volume of 50,155. The business has a 50 day simple moving average of $10.57 and a 200-day simple moving average of $10.50. Plum Acquisition Corp. IV has a 52-week low of $10.15 and a 52-week high of $10.84.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.07 earnings per share (EPS) for the quarter.

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.