Oak Woods Acquisition Corporation (NASDAQ:OAKU) Short Interest Down 84.0% in January

Oak Woods Acquisition Corporation (NASDAQ:OAKU) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 19 shares, a drop of 84.0% from the December 31st total of 119 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 9,394 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 9,394 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Oak Woods Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OAKU. Clear Street LLC boosted its position in Oak Woods Acquisition by 118.2% in the 2nd quarter. Clear Street LLC now owns 5,818 shares of the company’s stock valued at $68,000 after buying an additional 3,152 shares during the period. Clear Street Group Inc. purchased a new stake in shares of Oak Woods Acquisition in the third quarter valued at approximately $176,000. Warberg Asset Management LLC boosted its holdings in shares of Oak Woods Acquisition by 3.8% in the second quarter. Warberg Asset Management LLC now owns 41,426 shares of the company’s stock valued at $485,000 after purchasing an additional 1,514 shares during the period. Crossingbridge Advisors LLC grew its stake in Oak Woods Acquisition by 7,223.7% in the third quarter. Crossingbridge Advisors LLC now owns 112,638 shares of the company’s stock worth $1,356,000 after purchasing an additional 111,100 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in Oak Woods Acquisition by 8.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 336,511 shares of the company’s stock worth $3,981,000 after purchasing an additional 27,237 shares during the period. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Oak Woods Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Oak Woods Acquisition Stock Performance

OAKU stock traded up $0.07 during midday trading on Thursday, reaching $12.25. The company’s stock had a trading volume of 21 shares, compared to its average volume of 7,481. Oak Woods Acquisition has a 1 year low of $11.28 and a 1 year high of $13.00. The stock has a fifty day simple moving average of $12.17 and a two-hundred day simple moving average of $12.08.

Oak Woods Acquisition Company Profile

Oak Woods Acquisition Corp. (NASDAQ: OAKU) is a special purpose acquisition company incorporated in Delaware. Established in 2021 through an initial public offering on the Nasdaq, the company’s primary objective is to raise capital and effectuate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Oak Woods Acquisition focuses on identifying targets in digital infrastructure, next-generation computing and data-driven markets.