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

Live Oak Acquisition (NASDAQ:LOKV) saw a large increase in short interest during the month of 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. Based on an average daily volume of 953,234 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s shares are short sold.

Live Oak Acquisition Stock Performance

Shares of LOKV traded up $0.82 on Wednesday, reaching $12.34. The stock had a trading volume of 68,209 shares, compared to its average volume of 567,984. Live Oak Acquisition has a 12-month low of $8.65 and a 12-month high of $11.99.

Live Oak Acquisition (NASDAQ:LOKV) last issued its quarterly earnings results on Monday, March 30th. The company reported ($0.57) earnings per share (EPS) for the quarter. The company had revenue of ($12.99) million for the quarter. As a group, analysts expect that Live Oak Acquisition will post -19.51 EPS for the current year.

Wall Street Analysts Forecast Growth

LOKV has been the subject of several recent research reports. Weiss Ratings started coverage on Live Oak Acquisition in a research report on Friday, May 8th. They issued a “sell (d-)” rating for the company. Zacks Research upgraded shares of Live Oak Acquisition to a “hold” rating in a report on Wednesday, June 10th. Finally, Compass Point assumed coverage on shares of Live Oak Acquisition in a research note on Monday, May 11th. They issued a “buy” rating and a $13.50 target price on the stock. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.50.

Institutional Investors Weigh In On Live Oak Acquisition

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

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.