Plum Acquisition Corp. IV (NASDAQ:PLMK) Short Interest Update

Plum Acquisition Corp. IV (NASDAQ:PLMK) saw a significant drop in short interest in 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. Based on an average daily trading volume, of 47,225 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 47,225 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

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

Plum Acquisition Corp. IV Stock Performance

NASDAQ:PLMK traded up $0.01 during mid-day trading on Tuesday, hitting $10.49. 297 shares of the company’s stock traded hands, compared to its average volume of 2,781. The firm’s 50 day simple moving average is $10.43 and its 200 day simple moving average is $10.36. Plum Acquisition Corp. IV has a 1 year low of $9.94 and a 1 year high of $10.58.

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

Hedge Funds Weigh In On Plum Acquisition Corp. IV

A number of institutional investors have recently made changes to their positions in the stock. Radcliffe Capital Management L.P. lifted its stake in shares of 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 valued at $4,389,000 after purchasing an additional 113,975 shares in the last quarter. BCK Capital Management LP grew its stake in Plum Acquisition Corp. IV by 3.3% during the third quarter. BCK Capital Management LP now owns 103,313 shares of the company’s stock worth $1,066,000 after buying an additional 3,313 shares during the period. Moore Capital Management LP purchased a new stake in Plum Acquisition Corp. IV during the second quarter worth approximately $772,000. Berkley W R Corp increased its position in shares of Plum Acquisition Corp. IV by 34.9% in the second quarter. Berkley W R Corp now owns 768,888 shares of the company’s stock worth $7,896,000 after acquiring an additional 199,045 shares in the last quarter. Finally, Karpus Management Inc. raised its stake in shares of Plum Acquisition Corp. IV by 52.1% in the 2nd quarter. Karpus Management Inc. now owns 685,225 shares of the company’s stock valued at $7,037,000 after acquiring an additional 234,625 shares during the period.

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.