Live Oak Acquisition (NASDAQ:LOKV) Short Interest Update

Live Oak Acquisition (NASDAQ:LOKV) was the target of a significant 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. Based on an average daily trading volume, of 953,234 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Compass Point began coverage on shares of Live Oak Acquisition in a research note on Monday, May 11th. They set a “buy” rating and a $13.50 target price on the stock. Zacks Research upgraded shares of Live Oak Acquisition to a “hold” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings started coverage on shares of Live Oak Acquisition in a report on Friday, May 8th. They set a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.50.

Live Oak Acquisition Stock Up 7.1%

Shares of NASDAQ LOKV opened at $12.34 on Thursday. Live Oak Acquisition has a 1 year low of $8.65 and a 1 year high of $11.99.

Live Oak Acquisition (NASDAQ:LOKV) last released 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. Analysts expect that Live Oak Acquisition will post -19.51 EPS for the current fiscal year.

Institutional Trading of Live Oak Acquisition

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

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.