Live Oak Acquisition Corp. V (NASDAQ:TMS) Sees Significant Growth in Short Interest

Live Oak Acquisition Corp. V (NASDAQ:TMS) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 139,644 shares, an increase of 158.7% from the August 31st total of 53,972 shares. Based on an average trading volume of 140,956 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the company’s shares are short sold.

Live Oak Acquisition Corp. V Trading Up 1.8%

Shares of NASDAQ TMS traded up $0.14 during mid-day trading on Monday, reaching $8.14. The company had a trading volume of 2,685 shares, compared to its average volume of 144,606. Live Oak Acquisition Corp. V has a 52 week low of $5.04 and a 52 week high of $13.20. The stock’s 50-day moving average price is $6.98.

Live Oak Acquisition Corp. V (NASDAQ:TMS) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). The company had revenue of $148.66 million for the quarter, compared to the consensus estimate of $144.74 million. As a group, sell-side analysts forecast that Live Oak Acquisition Corp. V will post -0.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on TMS shares. Wall Street Zen raised shares of Live Oak Acquisition Corp. V to a “hold” rating in a research note on Saturday, August 22nd. Northland Securities assumed coverage on shares of Live Oak Acquisition Corp. V in a research report on Thursday, July 16th. They issued an “outperform” rating and a $14.00 price objective on the stock. Finally, Weiss Ratings raised shares of Live Oak Acquisition Corp. V from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Live Oak Acquisition Corp. V has an average rating of “Hold” and a consensus price target of $14.00.

About Live Oak Acquisition Corp. V

Live Oak Acquisition Corp. V is a special purpose acquisition company (SPAC) formed to identify and combine with one or more businesses through a merger, acquisition, stock purchase, reorganization, or similar transaction.

Unlike an operating company, Live Oak Acquisition Corp. V does not have established products, services, or geographic markets of its own. Its activities primarily involve evaluating potential business combination opportunities and completing a transaction with a target company.

Public information about the company’s specific target, operating activities, and leadership is limited.