Oak Woods Acquisition Corporation (NASDAQ:OAKU) Short Interest Up 45.0% in February

by · The Cerbat Gem

Oak Woods Acquisition Corporation (NASDAQ:OAKU – Get Free Report) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 29 shares, an increase of 45.0% from the January 29th total of 20 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,098 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 1,098 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Oak Woods Acquisition

Several institutional investors and hedge funds have recently modified their holdings of the business. Clear Street LLC boosted its position in Oak Woods Acquisition by 118.2% during the second quarter. Clear Street LLC now owns 5,818 shares of the company’s stock worth $68,000 after purchasing an additional 3,152 shares in the last quarter. Clear Street Group Inc. acquired a new position in shares of Oak Woods Acquisition during the 3rd quarter worth approximately $176,000. Toronto Dominion Bank purchased a new position in shares of Oak Woods Acquisition during the 4th quarter valued at approximately $302,000. Warberg Asset Management LLC grew its stake in 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 during the period. Finally, Crossingbridge Advisors LLC grew its stake in Oak Woods Acquisition by 7,223.7% in the 3rd quarter. Crossingbridge Advisors LLC now owns 112,638 shares of the company’s stock valued at $1,356,000 after acquiring an additional 111,100 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Oak Woods Acquisition Stock Performance

NASDAQ OAKU traded up $0.30 during mid-day trading on Tuesday, reaching $12.54. 4 shares of the stock were exchanged, compared to its average volume of 739. The business’s 50 day moving average is $12.24 and its 200-day moving average is $12.15. Oak Woods Acquisition has a 1 year low of $11.28 and a 1 year high of $13.00.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on Oak Woods Acquisition

Oak Woods Acquisition Company Profile

(Get Free Report)

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.

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