Plum Acquisition Corp. III (PLMJW) Short Interest Ratio & Short Volume

Short interest is the volume of Plum Acquisition Corp. III shares that have been sold short but have not yet been covered or closed out. As of July 31st, traders have sold 26,300 shares of PLMJW short. Learn More on Plum Acquisition Corp. III's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. PLMJW shares currently have a short interest ratio of 2.0. Learn More on Plum Acquisition Corp. III's short interest ratio.

Plum Acquisition Corp. III saw a decrease in short interest in July. As of July 31st, there was short interest totaling 26,300 shares, a decrease of 31.3% from the previous total of 38,300 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 "shell companies" compare to Plum Acquisition Corp. III: Aimfinity Investment Corp. I (0.01%), Black Hawk Acquisition Co. (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.45 billion), Moderna, Inc. ($2.69 billion), Royal Caribbean Cruises Ltd. ($2.55 billion), Paychex, Inc. ($2.13 billion), Rivian Automotive, Inc. ($1.96 billion), Onsemi ($1.94 billion), Tractor Supply ($1.84 billion), Enphase Energy, Inc. ($1.77 billion), Chesapeake Energy Co. ($1.69 billion), and International Paper ($1.54 billion). View all of the most shorted stocks.

Short selling PLMJW is an investing strategy that aims to generate trading profit from Plum Acquisition Corp. III as its price is falling. PLMJW shares are trading up $0.02 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. III 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 PLMJW, 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 PLMJW, twice per month. The most recent reporting period available is July, 31 2024.