Short Interest in Live Oak Acquisition (NASDAQ:LOKV) Expands By 576.4%

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

Live Oak Acquisition Trading Up 0.6%

NASDAQ LOKV traded up $0.06 during trading hours on Friday, reaching $10.62. The stock had a trading volume of 1,951 shares, compared to its average volume of 150,776. Live Oak Acquisition has a 52-week low of $9.88 and a 52-week high of $11.67.

Live Oak Acquisition (NASDAQ:LOKV) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.57) earnings per share (EPS) for the quarter. The business had revenue of ($12.99) million during the quarter. On average, sell-side analysts expect that Live Oak Acquisition will post -19.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Live Oak Acquisition stock. Berkley W R Corp raised its stake in Live Oak Acquisition (NASDAQ:LOKV) by 71.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 647,661 shares of the company’s stock after acquiring an additional 270,469 shares during the quarter. Berkley W R Corp owned approximately 2.59% of Live Oak Acquisition worth $6,736,000 at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LOKV. Zacks Research upgraded Live Oak Acquisition to a “hold” rating in a research note on Wednesday. Compass Point assumed coverage on shares of Live Oak Acquisition in a report on Monday, May 11th. They set a “buy” rating and a $13.50 price objective on the stock. Finally, Weiss Ratings started coverage on shares of Live Oak Acquisition in a report on Friday, May 8th. They set a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Live Oak Acquisition has an average rating of “Hold” and an average target price of $13.50.

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.