Short Interest in Oak Woods Acquisition Corporation (NASDAQ:OAKU) Rises By 147.9%

Oak Woods Acquisition Corporation (NASDAQ:OAKU) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 119 shares, a growth of 147.9% from the December 15th total of 48 shares. Based on an average trading volume of 2,314 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 2,314 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Oak Woods Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Oak Woods Acquisition presently has an average rating of “Hold”.

Institutional Trading of Oak Woods Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in OAKU. Warberg Asset Management LLC grew its holdings in shares of Oak Woods Acquisition by 3.8% in the 2nd quarter. Warberg Asset Management LLC now owns 41,426 shares of the company’s stock valued at $485,000 after acquiring an additional 1,514 shares in the last quarter. Clear Street LLC increased its holdings in shares of Oak Woods Acquisition by 118.2% during the 2nd quarter. Clear Street LLC now owns 5,818 shares of the company’s stock worth $68,000 after acquiring an additional 3,152 shares during the last quarter. Clear Street Group Inc. acquired a new stake in Oak Woods Acquisition during the 3rd quarter valued at $176,000. Wolverine Asset Management LLC boosted its position in Oak Woods Acquisition by 8.8% during the second quarter. Wolverine Asset Management LLC now owns 336,511 shares of the company’s stock worth $3,981,000 after purchasing an additional 27,237 shares during the period. Finally, Crossingbridge Advisors LLC raised its position in shares of Oak Woods Acquisition by 7,223.7% in the third quarter. Crossingbridge Advisors LLC now owns 112,638 shares of the company’s stock valued at $1,356,000 after purchasing an additional 111,100 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Oak Woods Acquisition Stock Performance

Shares of OAKU traded up $0.08 during mid-day trading on Friday, hitting $12.26. 1,124 shares of the company’s stock were exchanged, compared to its average volume of 29,725. Oak Woods Acquisition has a twelve month low of $11.28 and a twelve month high of $13.00. The firm has a fifty day moving average of $12.17 and a two-hundred day moving average of $12.05.

Oak Woods Acquisition Company Profile

Oak Woods Acquisition Corp. (NASDAQ: OAKU) is a special purpose acquisition company incorporated in Delaware. Established in 2021 through an initial public offering on the Nasdaq, the company’s primary objective is to raise capital and effectuate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Oak Woods Acquisition focuses on identifying targets in digital infrastructure, next-generation computing and data-driven markets.