Plum Acquisition Corp. I (NASDAQ:PLMI – Get Rating) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 4,300 shares, a drop of 42.7% from the December 31st total of 7,500 shares. Based on an average daily trading volume, of 148,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company's shares are sold short.

Plum Acquisition Corp. I Price Performance

PLMI stock remained flat at $10.14 during mid-day trading on Friday. 111 shares of the company's stock traded hands, compared to its average volume of 288,745. The firm's 50-day simple moving average is $10.07 and its two-hundred day simple moving average is $9.96. Plum Acquisition Corp. I has a one year low of $9.66 and a one year high of $10.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Glazer Capital LLC boosted its stake in shares of Plum Acquisition Corp. I by 2.3% in the third quarter. Glazer Capital LLC now owns 3,126,771 shares of the company's stock valued at $30,986,000 after purchasing an additional 69,902 shares during the period. Millennium Management LLC boosted its stake in shares of Plum Acquisition Corp. I by 23.6% in the second quarter. Millennium Management LLC now owns 1,968,657 shares of the company's stock valued at $19,293,000 after purchasing an additional 376,482 shares during the period. Periscope Capital Inc. boosted its stake in shares of Plum Acquisition Corp. I by 14.3% in the third quarter. Periscope Capital Inc. now owns 1,404,968 shares of the company's stock valued at $13,923,000 after purchasing an additional 176,168 shares during the period. BNP Paribas Arbitrage SNC purchased a new position in shares of Plum Acquisition Corp. I in the third quarter valued at approximately $8,931,000. Finally, Bank of America Corp DE purchased a new position in shares of Plum Acquisition Corp. I in the first quarter valued at approximately $3,605,000. Hedge funds and other institutional investors own 69.38% of the company's stock.

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.

Further Reading

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