Live Oak Mobility Acquisition Corp. (NYSE:LOKM – Get Rating) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 10,000 shares, a drop of 12.3% from the October 31st total of 11,400 shares. Based on an average daily volume of 54,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Live Oak Mobility Acquisition Trading Up 0.1 %

LOKM stock traded up $0.01 on Monday, hitting $9.97. The company had a trading volume of 4,628 shares, compared to its average volume of 62,693. Live Oak Mobility Acquisition has a 12-month low of $9.67 and a 12-month high of $9.98. The stock's 50-day simple moving average is $9.92 and its 200 day simple moving average is $9.85.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Icon Advisers Inc. Co. bought a new position in Live Oak Mobility Acquisition in the first quarter worth approximately $158,000. Flow Traders U.S. LLC bought a new stake in shares of Live Oak Mobility Acquisition during the 1st quarter valued at $331,000. Westchester Capital Management LLC raised its position in shares of Live Oak Mobility Acquisition by 3.0% during the 3rd quarter. Westchester Capital Management LLC now owns 257,500 shares of the company's stock valued at $2,528,000 after purchasing an additional 7,500 shares during the period. Saba Capital Management L.P. increased its holdings in Live Oak Mobility Acquisition by 31.8% in the 3rd quarter. Saba Capital Management L.P. now owns 615,004 shares of the company's stock valued at $6,045,000 after acquiring an additional 148,215 shares during the last quarter. Finally, Fir Tree Capital Management LP increased its holdings in Live Oak Mobility Acquisition by 8.9% in the 3rd quarter. Fir Tree Capital Management LP now owns 216,204 shares of the company's stock valued at $2,127,000 after acquiring an additional 17,720 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors.

Live Oak Mobility Acquisition Company Profile

Live Oak Mobility Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Memphis, Tennessee.

Read More

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