Plum Acquisition Corp. I (PLMI) Short Interest Ratio & Short Volume

Short interest is the volume of Plum Acquisition Corp. I shares that have been sold short but have not yet been covered or closed out. As of April 15th, traders have sold 3,300 shares of PLMI short. 0.11% of Plum Acquisition Corp. I's shares are currently sold short. Learn More on Plum Acquisition Corp. I's current short interest.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.11% of Plum Acquisition Corp. I's floating shares are currently sold short.

Plum Acquisition Corp. I saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 3,300 shares, an increase of 120.0% from the previous total of 1,500 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Plum Acquisition Corp. I currently has issued a total of 11,240,000 shares. Some of Plum Acquisition Corp. I's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Plum Acquisition Corp. I currently has a public float of 3,000,000 shares.

0.11% of Plum Acquisition Corp. I's shares are currently sold short. Here is how the short interest of companies compare to Plum Acquisition Corp. I: CSP Inc. (5.32%), Asure Software, Inc. (2.51%), Creative Realities, Inc. (0.01%), Telos Co. (1.30%), AdTheorent Holding Company, Inc. (3.06%), Unisys Co. (2.29%), OneSpan Inc. (2.97%), biote Corp. (3.09%), Ribbon Communications Inc. (2.43%), Mynaric AG (0.06%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling PLMI is an investing strategy that aims to generate trading profit from Plum Acquisition Corp. I as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Plum Acquisition Corp. I occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of PLMI, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PLMI, twice per month. The most recent reporting period available is April, 15 2024.