Live Oak Acquisition (NASDAQ:LOKV) Short Interest Update

Live Oak Acquisition (NASDAQ:LOKV) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 8,597 shares, a growth of 576.4% from the May 14th total of 1,271 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 172,522 shares, the short-interest ratio is presently 0.0 days.

Live Oak Acquisition Price Performance

Shares of LOKV traded down $0.01 during midday trading on Wednesday, hitting $10.52. 309,647 shares of the company traded hands, compared to its average volume of 153,290. Live Oak Acquisition has a 52 week low of $9.88 and a 52 week high of $11.67.

Live Oak Acquisition (NASDAQ:LOKV) last released 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.

Analyst Upgrades and Downgrades

Several research analysts have commented on LOKV shares. 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. Compass Point started coverage on shares of Live Oak Acquisition in a report on Monday, May 11th. They set a “buy” rating and a $13.50 price objective for the company. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.50.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Live Oak Acquisition stock. Berkley W R Corp lifted its holdings 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 fund owned 647,661 shares of the company’s stock after acquiring 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 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.