Plum Acquisition Corp. I (NASDAQ:PLMIW) Sees Significant Drop in Short Interest

Plum Acquisition Corp. I (NASDAQ:PLMIW) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 1,300 shares, a decline of 80.3% from the June 30th total of 6,600 shares. Based on an average daily trading volume, of 14,400 shares, the days-to-cover ratio is currently 0.1 days.

Plum Acquisition Corp. I Trading Up 23.1 %

NASDAQ PLMIW traded up $0.02 on Friday, hitting $0.10. The company’s stock had a trading volume of 159 shares, compared to its average volume of 16,271. The company’s 50-day simple moving average is $0.12 and its 200 day simple moving average is $0.26. Plum Acquisition Corp. I has a 52-week low of $0.01 and a 52-week high of $0.69.

About Plum Acquisition Corp. I

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.