Plutonian Acquisition Corp. (NASDAQ:PLTN) Short Interest Down 27.3% in March

Plutonian Acquisition Corp. (NASDAQ:PLTN - Get Free Report) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 800 shares, a drop of 27.3% from the March 15th total of 1,100 shares. Based on an average daily volume of 19,800 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Plutonian Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLTN. Berkley W R Corp bought a new stake in shares of Plutonian Acquisition during the 4th quarter worth $2,610,000. K2 Principal Fund L.P. bought a new stake in shares of Plutonian Acquisition during the 4th quarter worth $932,000. Mizuho Securities USA LLC boosted its stake in shares of Plutonian Acquisition by 8.6% during the 4th quarter. Mizuho Securities USA LLC now owns 146,152 shares of the company's stock worth $1,535,000 after acquiring an additional 11,620 shares in the last quarter. Spartan Fund Management Inc. boosted its stake in shares of Plutonian Acquisition by 17,440.0% during the 4th quarter. Spartan Fund Management Inc. now owns 3,508 shares of the company's stock worth $37,000 after acquiring an additional 3,488 shares in the last quarter. Finally, Warberg Asset Management LLC bought a new stake in shares of Plutonian Acquisition during the 4th quarter worth $356,000. 60.21% of the stock is owned by institutional investors.

Plutonian Acquisition Stock Performance

NASDAQ PLTN traded down $0.03 on Friday, reaching $10.81. 1,455 shares of the stock traded hands, compared to its average volume of 27,809. The firm's fifty day simple moving average is $10.73 and its 200 day simple moving average is $10.66. Plutonian Acquisition has a 12 month low of $10.25 and a 12 month high of $11.00.

About Plutonian Acquisition

Plutonian Acquisition Corp. does not have significant operations. The company focuses on entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to acquire businesses on companies engaged in metaverse technologies, tourism, and e-commerce related industries in the Asia-Pacific region.