Short Interest in Plutonian Acquisition Corp. (NASDAQ:PLTN) Drops By 27.3%

Plutonian Acquisition Corp. (NASDAQ:PLTNGet Free Report) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 800 shares, a drop of 27.3% from the March 15th total of 1,100 shares. Based on an average trading volume of 19,800 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of Plutonian Acquisition

A number of hedge funds have recently bought and sold shares of PLTN. UBS Group AG bought a new stake in Plutonian Acquisition during the first quarter worth $32,000. Boothbay Fund Management LLC bought a new stake in Plutonian Acquisition during the first quarter worth $3,310,000. Two Sigma Investments LP bought a new stake in Plutonian Acquisition during the first quarter worth $1,232,000. Glazer Capital LLC bought a new stake in shares of Plutonian Acquisition in the first quarter valued at $949,000. Finally, ATW Spac Management LLC bought a new stake in shares of Plutonian Acquisition in the first quarter valued at $3,589,000. 60.21% of the stock is currently owned by institutional investors.

Plutonian Acquisition Stock Performance

Plutonian Acquisition stock traded down $0.03 during mid-day trading on Friday, reaching $10.81. 1,455 shares of the company’s stock were exchanged, compared to its average volume of 18,461. The business’s fifty day simple moving average is $10.74 and its 200 day simple moving average is $10.66. Plutonian Acquisition has a one year low of $10.25 and a one year high of $11.00.

Plutonian Acquisition Company Profile

(Get Free Report)

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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