Short Interest in Plum Acquisition Corp. I (NASDAQ:PLMI) Declines By 57.5%

Plum Acquisition Corp. I (NASDAQ:PLMI) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 5,100 shares, a decline of 57.5% from the May 31st total of 12,000 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 12,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Plum Acquisition Corp. I

Several hedge funds have recently bought and sold shares of PLMI. Berkley W R Corp boosted its holdings in Plum Acquisition Corp. I by 176.4% during the first quarter. Berkley W R Corp now owns 445,607 shares of the company’s stock worth $4,942,000 after buying an additional 284,381 shares in the last quarter. Glazer Capital LLC increased its stake in shares of Plum Acquisition Corp. I by 58.6% in the 4th quarter. Glazer Capital LLC now owns 408,337 shares of the company’s stock valued at $4,430,000 after purchasing an additional 150,881 shares in the last quarter. Mizuho Securities USA LLC raised its holdings in Plum Acquisition Corp. I by 3.0% in the 4th quarter. Mizuho Securities USA LLC now owns 264,119 shares of the company’s stock worth $2,866,000 after purchasing an additional 7,604 shares during the period. Wolverine Asset Management LLC boosted its position in Plum Acquisition Corp. I by 53.8% during the fourth quarter. Wolverine Asset Management LLC now owns 93,558 shares of the company’s stock worth $1,015,000 after purchasing an additional 32,720 shares in the last quarter. Finally, Tuttle Capital Management LLC acquired a new stake in Plum Acquisition Corp. I in the fourth quarter valued at approximately $293,000. Hedge funds and other institutional investors own 25.88% of the company’s stock.

Plum Acquisition Corp. I Stock Down 2.8 %

Plum Acquisition Corp. I stock traded down $0.30 during midday trading on Friday, hitting $10.50. 665 shares of the company were exchanged, compared to its average volume of 42,389. The business has a fifty day simple moving average of $11.02 and a two-hundred day simple moving average of $11.00. Plum Acquisition Corp. I has a fifty-two week low of $9.49 and a fifty-two week high of $12.00.

Plum Acquisition Corp. I Company Profile

Plum Acquisition Corp. I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in San Francisco, California.