Live Oak Acquisition (NASDAQ:LOKV) Short Interest Up 108.5% in June

Live Oak Acquisition (NASDAQ:LOKV) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 17,927 shares, an increase of 108.5% from the May 31st total of 8,597 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 953,234 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Live Oak Acquisition

A hedge fund recently raised its position in Live Oak Acquisition stock. Berkley W R Corp increased its stake in Live Oak Acquisition (NASDAQ:LOKV) by 71.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 647,661 shares of the company’s stock after purchasing an additional 270,469 shares during the quarter. Berkley W R Corp owned approximately 2.59% of Live Oak Acquisition worth $6,736,000 as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LOKV shares. Compass Point assumed coverage on Live Oak Acquisition in a research report on Monday, May 11th. They set a “buy” rating and a $13.50 price target on the stock. Weiss Ratings assumed coverage on Live Oak Acquisition in a research note on Friday, May 8th. They set a “sell (d-)” rating for the company. Finally, Zacks Research raised Live Oak Acquisition to a “hold” rating in a report on Wednesday, June 10th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.50.

Live Oak Acquisition Stock Performance

Live Oak Acquisition stock traded up $0.82 during mid-day trading on Tuesday, hitting $12.34. The company’s stock had a trading volume of 68,209 shares, compared to its average volume of 567,984. Live Oak Acquisition has a twelve month low of $8.65 and a twelve month high of $11.99.

Live Oak Acquisition (NASDAQ:LOKV) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.57) EPS for the quarter. The firm had revenue of ($12.99) million during the quarter. Equities research analysts forecast that Live Oak Acquisition will post -19.51 earnings per share for the current year.

About Live Oak Acquisition

We are a blank check company incorporated on November 27, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.