Plum Acquisition Corp. I (NASDAQ:PLMIU) Sees Large Growth in Short Interest

Plum Acquisition Corp. I (NASDAQ:PLMIU) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 5,100 shares, a growth of 104.0% from the December 15th total of 2,500 shares. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is currently 0.3 days.

A number of hedge funds have recently made changes to their positions in PLMIU. Susquehanna International Group LLP raised its holdings in shares of Plum Acquisition Corp. I by 17.8% in the second quarter. Susquehanna International Group LLP now owns 51,256 shares of the company’s stock valued at $507,000 after purchasing an additional 7,756 shares during the last quarter. Picton Mahoney Asset Management bought a new position in Plum Acquisition Corp. I during the second quarter worth $1,494,000. Glazer Capital LLC boosted its position in Plum Acquisition Corp. I by 7.5% during the second quarter. Glazer Capital LLC now owns 2,022,433 shares of the company’s stock worth $20,022,000 after purchasing an additional 141,467 shares during the period. Periscope Capital Inc. boosted its position in Plum Acquisition Corp. I by 7.2% during the second quarter. Periscope Capital Inc. now owns 1,481,100 shares of the company’s stock worth $14,752,000 after purchasing an additional 100,100 shares during the period. Finally, State Street Corp bought a new stake in shares of Plum Acquisition Corp. I in the second quarter valued at about $108,000.

Shares of NASDAQ:PLMIU opened at $9.81 on Friday. Plum Acquisition Corp. I has a 12 month low of $9.78 and a 12 month high of $10.10. The company’s 50-day moving average price is $9.86 and its two-hundred day moving average price is $9.88.

About Plum Acquisition Corp. I

Plum Acquisition Corp. I focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in San Francisco, California.

Further Reading: Death Cross

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