Live Oak Acquisition Corp. V (NASDAQ:TMS) Sees Significant Growth in Short Interest

Live Oak Acquisition Corp. V (NASDAQ:TMS) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 339,901 shares, a growth of 143.4% from the September 15th total of 139,644 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 277,695 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings upgraded Live Oak Acquisition Corp. V from a “sell (e)” rating to a “sell (d)” rating in a research report on Friday, September 25th. Wall Street Zen raised Live Oak Acquisition Corp. V to a “hold” rating in a research note on Saturday, August 22nd. Finally, Northland Securities assumed coverage on Live Oak Acquisition Corp. V in a report on Thursday, July 16th. They issued an “outperform” rating and a $14.00 target price on the stock. 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 currently has an average rating of “Hold” and a consensus target price of $14.00.

Live Oak Acquisition Corp. V Stock Performance

Live Oak Acquisition Corp. V stock opened at $5.59 on Thursday. Live Oak Acquisition Corp. V has a 12 month low of $5.04 and a 12 month high of $13.20. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 0.73. The firm’s fifty day moving average is $7.22.

Live Oak Acquisition Corp. V (NASDAQ:TMS) last announced its quarterly earnings data 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 company had revenue of $148.66 million during the quarter, compared to analyst estimates of $144.74 million. On average, analysts forecast that Live Oak Acquisition Corp. V will post -0.54 EPS for the current year.

About Live Oak Acquisition Corp. V

Live Oak Acquisition Corp. V is a special purpose acquisition company (SPAC) formed to identify, acquire, or merge with one or more operating businesses. Unlike a traditional operating company, it does not manufacture products or provide ongoing commercial services of its own.

The company’s principal activity is evaluating potential business combination opportunities and completing a transaction that would allow a private company to become publicly traded. Until such a transaction is completed, its activities are generally limited to organizational matters, identifying potential targets, and managing funds held for the proposed combination.

Publicly available information about Live Oak Acquisition Corp.