Plum Acquisition Corp. I (NASDAQ:PLMIW) Short Interest Up 19.2% in August

Plum Acquisition Corp. I (NASDAQ:PLMIW) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 3,100 shares, an increase of 19.2% from the August 15th total of 2,600 shares. Based on an average daily volume of 15,900 shares, the short-interest ratio is currently 0.2 days.

Plum Acquisition Corp. I Price Performance

PLMIW traded up $0.08 during trading hours on Monday, reaching $0.18. 47,258 shares of the stock traded hands, compared to its average volume of 18,924. Plum Acquisition Corp. I has a fifty-two week low of $0.04 and a fifty-two week high of $0.69. The firm’s fifty day simple moving average is $0.07 and its two-hundred day simple moving average is $0.20.

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.