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

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

Analyst Ratings Changes

TMS has been the topic of a number of recent analyst reports. Weiss Ratings assumed coverage on shares of Live Oak Acquisition Corp. V in a research report on Friday, August 14th. They issued a “sell (e-)” rating for the company. Northland Securities assumed coverage on shares of Live Oak Acquisition Corp. V in a report on Thursday, July 16th. They set an “outperform” rating and a $14.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Live Oak Acquisition Corp. V to a “hold” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $14.00.

Live Oak Acquisition Corp. V Trading Up 8.8%

NASDAQ TMS opened at $6.52 on Thursday. The company’s 50-day moving average price is $7.29. Live Oak Acquisition Corp. V has a twelve month low of $5.04 and a twelve month high of $13.20.

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

About Live Oak Acquisition Corp. V

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.