Live Oak Acquisition Corp. V (NASDAQ:TMS) Short Interest Up 258.3% in August

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

Live Oak Acquisition Corp. V Stock Down 0.3%

Live Oak Acquisition Corp. V stock traded down $0.02 during trading hours on Friday, reaching $6.33. 35,553 shares of the stock were exchanged, compared to its average volume of 135,664. Live Oak Acquisition Corp. V has a twelve month low of $5.04 and a twelve month high of $13.20. The stock has a 50 day moving average price of $7.27.

Live Oak Acquisition Corp. V (NASDAQ:TMS) last issued its earnings results on Friday, August 14th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The firm had revenue of $148.66 million for the quarter, compared to the consensus estimate of $144.74 million. On average, sell-side analysts expect that Live Oak Acquisition Corp. V will post -0.61 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports 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 note 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 price objective for the company. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.00.

Live Oak Acquisition Corp. V Company Profile

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.