Plum Acquisition Corp. I (PLMIW) 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 3,100 shares of PLMIW short. Learn More on Plum Acquisition Corp. I's current short interest.

Plum Acquisition Corp. I saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,100 shares, an increase of 19.2% from the previous total of 2,600 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.

Here is how the short interest of companies in the industry of "computer software" compare to Plum Acquisition Corp. I: Alphabet Inc. (0.56%).

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 PLMIW is an investing strategy that aims to generate trading profit from Plum Acquisition Corp. I as its price is falling. PLMIW shares are trading up $0.08 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 appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of PLMIW, 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 PLMIW, twice per month. The most recent reporting period available is August, 31 2024.