Plum Acquisition Corp. IV (NASDAQ:PLMK – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 8,437 shares, an increase of 1,258.6% from the June 30th total of 621 shares. Based on an average daily volume of 15,499 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.
Institutional Investors Weigh In On Plum Acquisition Corp. IV
Large investors have recently modified their holdings of the stock. ABC Arbitrage SA acquired a new position in shares of Plum Acquisition Corp. IV in the 4th quarter worth approximately $157,000. Crossingbridge Advisors LLC acquired a new stake in Plum Acquisition Corp. IV in the 4th quarter valued at $262,000. Virtu Financial LLC acquired a new stake in Plum Acquisition Corp. IV in the 4th quarter valued at $352,000. Moore Capital Management LP bought a new stake in Plum Acquisition Corp. IV in the second quarter valued at $772,000. Finally, Radcliffe Capital Management L.P. bought a new stake in Plum Acquisition Corp. IV in the second quarter valued at $3,201,000.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued 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, the stock currently has a consensus rating of “Sell”.
Plum Acquisition Corp. IV Stock Performance
Shares of PLMK stock remained flat at $10.61 during mid-day trading on Friday. 2,689 shares of the stock were exchanged, compared to its average volume of 27,717. The firm’s fifty day moving average is $10.65 and its 200-day moving average is $10.58. Plum Acquisition Corp. IV has a 52 week low of $10.27 and a 52 week high of $12.00.
Plum Acquisition Corp. IV (NASDAQ:PLMK – Get Free Report) last issued its earnings results on Friday, May 15th. The company reported $0.05 earnings per share for the quarter.
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.
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