Live Oak Acquisition Corp. V (NASDAQ:TMS) Short Interest Update

Live Oak Acquisition Corp. V (NASDAQ:TMS) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 37,719 shares, an increase of 258.3% from the July 30th total of 10,526 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 68,510 shares, the days-to-cover ratio is currently 0.6 days.

Live Oak Acquisition Corp. V Stock Performance

Shares of TMS opened at $6.34 on Friday. Live Oak Acquisition Corp. V has a 12 month low of $5.04 and a 12 month high of $13.20. The stock’s 50-day moving average is $7.25.

Live Oak Acquisition Corp. V (NASDAQ:TMS) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). The business had revenue of $148.66 million during the quarter, compared to analysts’ expectations of $144.74 million. On average, equities research analysts forecast that Live Oak Acquisition Corp. V will post -0.61 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TMS shares. Weiss Ratings assumed coverage on Live Oak Acquisition Corp. V in a research note on Friday, August 14th. They issued a “sell (e-)” rating for the company. Wall Street Zen upgraded Live Oak Acquisition Corp. V to a “hold” rating in a research report on Saturday, August 22nd. Finally, Northland Securities initiated coverage on Live Oak Acquisition Corp. V in a report on Thursday, July 16th. They issued an “outperform” rating and a $14.00 target price for the company. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.00.

About Live Oak Acquisition Corp. V

Live Oak Acquisition Corp. V is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company, it does not operate a traditional commercial business of its own and instead focuses on identifying and completing an acquisition transaction.

The company was organized to pursue opportunities across a broad range of industries and geographic markets, subject to the terms of its governing documents and applicable regulations.