Oak Woods Acquisition Corporation (NASDAQ:OAKU) Sees Significant Increase in Short Interest

Oak Woods Acquisition Corporation (NASDAQ:OAKU) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 29 shares, a growth of 45.0% from the January 29th total of 20 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,098 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 1,098 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Oak Woods Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clear Street LLC lifted its stake in shares of Oak Woods Acquisition by 118.2% in the 2nd quarter. Clear Street LLC now owns 5,818 shares of the company’s stock valued at $68,000 after purchasing an additional 3,152 shares during the last quarter. Clear Street Group Inc. purchased a new position in Oak Woods Acquisition during the third quarter worth $176,000. Toronto Dominion Bank bought a new position in Oak Woods Acquisition during the fourth quarter valued at $302,000. Warberg Asset Management LLC raised its stake in shares of Oak Woods Acquisition by 3.8% in the second 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 raised its stake 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 acquiring an additional 111,100 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Oak Woods Acquisition Trading Up 4.4%

Shares of OAKU stock traded up $0.54 on Friday, reaching $12.78. The company’s stock had a trading volume of 4 shares, compared to its average volume of 739. The stock’s fifty day simple moving average is $12.23 and its 200-day simple moving average is $12.14. Oak Woods Acquisition has a 1 year low of $11.28 and a 1 year high of $13.00.

Wall Street Analyst Weigh In

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

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.