Short Interest in Plum Acquisition Corp. I (NASDAQ:PLMI) Drops By 36.2%

Plum Acquisition Corp. I (NASDAQ:PLMI) was the target of a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 3,000 shares, a drop of 36.2% from the July 31st total of 4,700 shares. Based on an average daily trading volume, of 19,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Plum Acquisition Corp. I

A number of hedge funds and other institutional investors have recently bought and sold shares of PLMI. Clear Street LLC boosted its stake in Plum Acquisition Corp. I by 7,236.6% in the second quarter. Clear Street LLC now owns 105,500 shares of the company’s stock worth $1,108,000 after purchasing an additional 104,062 shares in the last quarter. Berkley W R Corp grew its holdings in Plum Acquisition Corp. I by 176.4% during the 1st quarter. Berkley W R Corp now owns 445,607 shares of the company’s stock worth $4,942,000 after acquiring an additional 284,381 shares during the last quarter. Glazer Capital LLC increased its position in 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 acquiring an additional 150,881 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its stake in shares of Plum Acquisition Corp. I by 3.0% in the fourth quarter. Mizuho Securities USA LLC now owns 264,119 shares of the company’s stock worth $2,866,000 after acquiring an additional 7,604 shares during the last quarter. 25.88% of the stock is owned by institutional investors and hedge funds.

Plum Acquisition Corp. I Stock Performance

Shares of NASDAQ:PLMI opened at $9.85 on Wednesday. The company’s fifty day moving average is $10.24 and its 200-day moving average is $10.76. Plum Acquisition Corp. I has a 52 week low of $9.00 and a 52 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.