Plum Acquisition Corp. IV (NASDAQ:PLMK) Short Interest Up 1,258.6% in July

Plum Acquisition Corp. IV (NASDAQ:PLMK) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 8,437 shares, a growth 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. Currently, 0.0% of the shares of the company are short sold.

Plum Acquisition Corp. IV Price Performance

PLMK stock remained flat at $10.61 on Friday. 2,689 shares of the company traded hands, compared to its average volume of 27,717. The firm’s 50-day simple moving average is $10.65 and its 200 day simple moving average is $10.58. Plum Acquisition Corp. IV has a 1 year low of $10.27 and a 1 year high of $12.00.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.05 EPS for the quarter.

Wall Street Analyst Weigh In

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

Institutional Trading of Plum Acquisition Corp. IV

Institutional investors have recently made changes to their positions in the stock. Governors Lane LP raised its position in Plum Acquisition Corp. IV by 133.3% in the fourth quarter. Governors Lane LP now owns 700,000 shares of the company’s stock valued at $7,315,000 after purchasing an additional 399,900 shares during the period. Crossingbridge Advisors LLC acquired a new position in shares of Plum Acquisition Corp. IV during the fourth quarter worth about $262,000. Radcliffe Capital Management L.P. boosted its position in shares of Plum Acquisition Corp. IV by 5.6% in the fourth quarter. Radcliffe Capital Management L.P. now owns 449,055 shares of the company’s stock worth $4,693,000 after buying an additional 23,725 shares during the period. ABC Arbitrage SA purchased a new stake in shares of Plum Acquisition Corp. IV in the fourth quarter worth about $157,000. Finally, Virtu Financial LLC acquired a new stake in shares of Plum Acquisition Corp. IV in the fourth quarter valued at about $352,000.

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.