Short Interest in Plutonian Acquisition Corp. (NASDAQ:PLTNR) Declines By 75.0%

Plutonian Acquisition Corp. (NASDAQ:PLTNRGet Free Report) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 400 shares, a drop of 75.0% from the January 31st total of 1,600 shares. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is currently 0.2 days.

Plutonian Acquisition Price Performance

Shares of PLTNR stock remained flat at $0.17 during mid-day trading on Wednesday. The stock had a trading volume of 2,099 shares, compared to its average volume of 2,450. Plutonian Acquisition has a 1-year low of $0.03 and a 1-year high of $0.58. The company has a fifty day simple moving average of $0.16 and a 200-day simple moving average of $0.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Periscope Capital Inc. purchased a new position in Plutonian Acquisition in the first quarter valued at about $65,000. Polar Asset Management Partners Inc. purchased a new position in Plutonian Acquisition in the first quarter valued at about $66,000. Boothbay Fund Management LLC purchased a new position in Plutonian Acquisition in the first quarter valued at about $60,000. Finally, Shaolin Capital Management LLC purchased a new position in Plutonian Acquisition in the first quarter valued at about $40,000.

Plutonian Acquisition Company Profile

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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.

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