Live Oak Acquisition (NASDAQ:LOKV) Short Interest Update

Live Oak Acquisition (NASDAQ:LOKV) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 8,597 shares, an increase of 576.4% from the May 14th total of 1,271 shares. Based on an average trading volume of 172,522 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Live Oak Acquisition stock. Berkley W R Corp increased its position in Live Oak Acquisition (NASDAQ:LOKV) by 71.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 647,661 shares of the company’s stock after buying an additional 270,469 shares during the period. Berkley W R Corp owned about 2.59% of Live Oak Acquisition worth $6,736,000 at the end of the most recent quarter.

Live Oak Acquisition Stock Down 0.1%

Live Oak Acquisition stock traded down $0.01 during mid-day trading on Wednesday, hitting $10.52. The stock had a trading volume of 309,647 shares, compared to its average volume of 153,290. Live Oak Acquisition has a one year low of $9.88 and a one year high of $11.67.

Live Oak Acquisition (NASDAQ:LOKV) last issued its earnings results on Monday, March 30th. The company reported ($0.57) earnings per share for the quarter. The company had revenue of ($12.99) million for the quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LOKV shares. Compass Point started coverage on shares of Live Oak Acquisition in a research report on Monday, May 11th. They set a “buy” rating and a $13.50 price objective for the company. Weiss Ratings started coverage on shares of Live Oak Acquisition in a research report on Friday, May 8th. They set a “sell (d-)” rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.50.

Live Oak Acquisition Company Profile

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.