Live Oak Mobility Acquisition Corp. (NYSE:LOKM) sees strong growth in short-term interest
Live Oak Mobility Acquisition Corp. (NYSE:LOKM – Get Rating) saw a surge in short-term interest during the month of May. As of May 31, there was selling interest totaling 2,200 shares, an increase of 1,000.0% from the May 15 total of 200 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume of 37,100 shares, the day-to-cover ratio is currently 0.1 day.
Shares of NYSE LOKM were down $0.01 during Friday trading hours, hitting $9.78. The company had a trading volume of 343 shares, compared to an average volume of 21,628. Live Oak Mobility Acquisition has a 1-year low of $9.56 and a 1-year high of $9.87. The company’s 50-day moving average is $9.79 and its 200-day moving average is $9.77.
Several hedge funds and other institutional investors have recently increased or reduced their stake in LOKM. Verition Fund Management LLC increased its stake in Live Oak Mobility Acquisition by 2.4% in Q1. Verition Fund Management LLC now owns 264,656 shares of the company valued at $2,596,000 after acquiring an additional 6,290 shares during the period. Icon Advisers Inc. Co. purchased a new stake in Live Oak Mobility Acquisition in Q1 valued at $158,000. Flow Traders US LLC purchased a new stake in Live Oak Mobility Acquisition in Q1 valued at $331,000. Hsbc Holdings PLC increased its stake in Live Oak Mobility Acquisition by 19.2% in Q1. Hsbc Holdings PLC now owns 236,081 shares of the company valued at $2,307,000 after acquiring an additional 38,048 shares during the period. Finally, Q Global Advisors LLC purchased a new stake in Live Oak Mobility Acquisition in Q4 valued at $879,000. 55.53% of the shares are held by institutional investors.
Live Oak Mobility Acquisition Company Profile (Get an assessment)
Live Oak Mobility Acquisition Corp. has no significant activities. It focuses on completing a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or several companies. The company was incorporated in 2021 and is based in Memphis, Tennessee.
Get news and reviews for Live Oak Mobility Acquisition Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Live Oak Mobility Acquisition and related companies with MarketBeat.com’s free daily email newsletter.