Plum Acquisition Corp. I (NASDAQ:PLMI) Sees Significant Growth in Short Interest

Plum Acquisition Corp. I (NASDAQ:PLMI - Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,500 shares, an increase of 87.5% from the March 15th total of 800 shares. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Plum Acquisition Corp. I Stock Performance

Shares of PLMI stock remained flat at $11.11 during mid-day trading on Friday. The stock had a trading volume of 48 shares, compared to its average volume of 10,086. Plum Acquisition Corp. I has a one year low of $10.27 and a one year high of $11.88. The stock's fifty day simple moving average is $11.03 and its 200-day simple moving average is $10.89.

Hedge Funds Weigh In On Plum Acquisition Corp. I

Several hedge funds have recently modified their holdings of PLMI. BNP Paribas Arbitrage SNC acquired a new position in shares of Plum Acquisition Corp. I during the 3rd quarter valued at $8,931,000. Shaolin Capital Management LLC grew its holdings in shares of Plum Acquisition Corp. I by 150.0% in the 3rd quarter. Shaolin Capital Management LLC now owns 200,000 shares of the company's stock worth $2,126,000 after acquiring an additional 600,051 shares during the last quarter. Aristeia Capital LLC acquired a new position in shares of Plum Acquisition Corp. I in the 4th quarter worth $6,048,000. Millennium Management LLC grew its holdings in shares of Plum Acquisition Corp. I by 23.6% in the 2nd quarter. Millennium Management LLC now owns 1,968,657 shares of the company's stock worth $19,293,000 after acquiring an additional 376,482 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Plum Acquisition Corp. I in the 1st quarter worth $3,605,000. 25.88% of the stock is currently owned by institutional investors and hedge funds.

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.