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

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

Plutonian Acquisition Stock Performance

PLTNR remained flat at $0.17 on Wednesday. 2,099 shares of the company were exchanged, compared to its average volume of 2,450. Plutonian Acquisition has a twelve month low of $0.03 and a twelve month high of $0.58. The firm’s fifty day simple moving average is $0.16 and its two-hundred day simple moving average is $0.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Shaolin Capital Management LLC bought a new stake in shares of Plutonian Acquisition during the 1st quarter worth approximately $40,000. Boothbay Fund Management LLC bought a new stake in shares of Plutonian Acquisition during the 1st quarter worth approximately $60,000. Periscope Capital Inc. bought a new stake in shares of Plutonian Acquisition during the 1st quarter worth approximately $65,000. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Plutonian Acquisition during the 1st quarter worth approximately $66,000.

About Plutonian Acquisition

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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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