Plum Acquisition Corp. IV (NASDAQ:PLMK) Short Interest Up 190.0% in January

Plum Acquisition Corp. IV (NASDAQ:PLMK) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,427 shares, an increase of 190.0% from the December 31st total of 492 shares. Based on an average daily volume of 1,876 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,876 shares, the short-interest ratio is presently 0.8 days.

Plum Acquisition Corp. IV Stock Performance

PLMK stock opened at $10.56 on Thursday. The firm’s 50-day moving average price is $10.44 and its two-hundred day moving average price is $10.37. Plum Acquisition Corp. IV has a 12-month low of $9.94 and a 12-month high of $10.64.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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, According to MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Plum Acquisition Corp. IV

A number of hedge funds and other institutional investors have recently made changes to their positions in PLMK. Moore Capital Management LP bought a new stake in Plum Acquisition Corp. IV in the second quarter valued at $772,000. BCK Capital Management LP bought a new stake in shares of Plum Acquisition Corp. IV during the 2nd quarter valued at about $1,028,000. Wealthspring Capital LLC purchased a new position in shares of Plum Acquisition Corp. IV during the second quarter valued at about $2,314,000. Radcliffe Capital Management L.P. bought a new position in Plum Acquisition Corp. IV in the second quarter worth about $3,201,000. Finally, Goldman Sachs Group Inc. bought a new position in Plum Acquisition Corp. IV in the first quarter worth about $3,409,000.

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.