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

Plum Acquisition Corp. I (NASDAQ:PLMI) was the recipient of a significant 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 volume of 12,200 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Plum Acquisition Corp. I

A number of institutional investors and hedge funds have recently modified their holdings of the company. Berkley W R Corp lifted its holdings in shares of 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 purchasing an additional 284,381 shares during the period. Glazer Capital LLC lifted its holdings in shares of Plum Acquisition Corp. I by 58.6% during the fourth quarter. Glazer Capital LLC now owns 408,337 shares of the company’s stock worth $4,430,000 after purchasing an additional 150,881 shares during the period. Mizuho Securities USA LLC lifted its holdings in shares of Plum Acquisition Corp. I by 3.0% during the fourth 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 lifted its holdings in shares of 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 during the period. Finally, Tuttle Capital Management LLC acquired a new stake in shares of Plum Acquisition Corp. I during the fourth quarter worth about $293,000. Institutional investors and hedge funds own 25.88% of the company’s stock.

Plum Acquisition Corp. I Trading Down 2.8 %

Shares of Plum Acquisition Corp. I stock traded down $0.30 on Friday, reaching $10.50. 665 shares of the stock were exchanged, compared to its average volume of 28,134. Plum Acquisition Corp. I has a twelve month low of $9.49 and a twelve month high of $12.00. The business has a 50 day moving average price of $11.03 and a two-hundred day moving average price of $11.00.

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.