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

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

Hedge Funds Weigh In On Plum Acquisition Corp. I

A number of large investors have recently modified their holdings of PLMI. Shaolin Capital Management LLC boosted its position in shares of Plum Acquisition Corp. I by 150.0% in the third quarter. Shaolin Capital Management LLC now owns 200,000 shares of the company’s stock valued at $2,126,000 after acquiring an additional 600,051 shares during the period. Tuttle Capital Management LLC bought a new position in shares of Plum Acquisition Corp. I in the fourth quarter valued at approximately $293,000. Wolverine Asset Management LLC lifted 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 valued at $1,015,000 after purchasing an additional 32,720 shares during the last quarter. Mizuho Securities USA LLC lifted its position in 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 valued at $2,866,000 after purchasing an additional 7,604 shares during the last quarter. Finally, Glazer Capital LLC lifted its position in Plum Acquisition Corp. I by 58.6% during the fourth 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 during the last quarter. 25.88% of the stock is currently owned by institutional investors.

Plum Acquisition Corp. I Price Performance

Shares of PLMI stock traded down $0.30 during trading hours on Friday, reaching $10.50. The stock had a trading volume of 665 shares, compared to its average volume of 28,134. The stock’s fifty day simple moving average is $11.03 and its 200 day simple moving average is $11.00. Plum Acquisition Corp. I has a 12 month low of $9.49 and a 12 month high of $12.00.

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.