Live Oak Acquisition (NASDAQ:LOKV) Sees Large Increase in Short Interest

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

Analysts Set New Price Targets

Several research firms have recently weighed in on LOKV. Compass Point started coverage on shares of Live Oak Acquisition in a research report on Monday, May 11th. They issued a “buy” rating and a $13.50 price objective for the company. Weiss Ratings started coverage on shares of Live Oak Acquisition in a research report on Friday, May 8th. They issued a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.50.

Hedge Funds Weigh In On Live Oak Acquisition

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

Live Oak Acquisition Trading Up 0.4%

LOKV stock traded up $0.04 during midday trading on Thursday, reaching $10.56. The stock had a trading volume of 22,422 shares, compared to its average volume of 152,154. Live Oak Acquisition has a twelve month low of $9.88 and a twelve month high of $11.67.

Live Oak Acquisition (NASDAQ:LOKV) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.57) EPS for the quarter. The company had revenue of ($12.99) million during the quarter.

About Live Oak Acquisition

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.