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 August 31st, traders have sold 2,500 shares of PLMI short. 0.08% 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. 0.08% of Plum Acquisition Corp. I's floating shares are currently sold short.

Plum Acquisition Corp. I saw a decrease in short interest in August. As of August 31st, there was short interest totaling 2,500 shares, a decrease of 16.7% from the previous total of 3,000 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 3,110,000 shares.

0.08% 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: AdTheorent Holding Company, Inc. (4.44%), SmartRent, Inc. (4.64%), Asure Software, Inc. (2.52%), Telos Co. (4.83%), Arbe Robotics Ltd. (1.02%), CSP Inc. (2.33%), Canna-Global Acquisition Corp (86.57%), Creative Realities, Inc. (0.14%), Brand Engagement Network, Inc. (0.63%), ARB IOT Group Limited (2.60%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.11 billion), Canadian Natural Resources Limited ($4.04 billion), Suncor Energy Inc. ($3.19 billion), Aptiv PLC ($2.56 billion), Paychex, Inc. ($2.48 billion), Cencora, Inc. ($2.28 billion), Onsemi ($2.08 billion), Moderna, Inc. ($1.98 billion), Tractor Supply ($1.93 billion), and International Paper ($1.93 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. PLMI shares are trading down $3.00 today. 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 August, 31 2024.