Live Oak Mobility Acquisition Corp. (NYSE:LOKM – Get Rating) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,100 shares, a drop of 98.5% from the December 31st total of 72,100 shares. Based on an average daily trading volume, of 78,200 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Live Oak Mobility Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC raised its position in Live Oak Mobility Acquisition by 217.5% in the third quarter. Hsbc Holdings PLC now owns 749,468 shares of the company's stock worth $7,375,000 after acquiring an additional 513,387 shares in the last quarter. Saba Capital Management L.P. raised its position in Live Oak Mobility Acquisition by 31.8% in the third quarter. Saba Capital Management L.P. now owns 615,004 shares of the company's stock worth $6,045,000 after acquiring an additional 148,215 shares in the last quarter. Verition Fund Management LLC raised its position in Live Oak Mobility Acquisition by 2.4% in the first quarter. Verition Fund Management LLC now owns 264,656 shares of the company's stock worth $2,596,000 after acquiring an additional 6,290 shares in the last quarter. Westchester Capital Management LLC raised its position in Live Oak Mobility Acquisition by 3.0% in the third quarter. Westchester Capital Management LLC now owns 257,500 shares of the company's stock worth $2,528,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Fir Tree Capital Management LP raised its position in Live Oak Mobility Acquisition by 8.9% in the third quarter. Fir Tree Capital Management LP now owns 216,204 shares of the company's stock worth $2,127,000 after acquiring an additional 17,720 shares in the last quarter. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

Live Oak Mobility Acquisition Price Performance

NYSE:LOKM remained flat at $10.10 during midday trading on Friday. 12,201 shares of the company were exchanged, compared to its average volume of 42,367. The business's 50-day simple moving average is $10.02 and its two-hundred day simple moving average is $9.92. Live Oak Mobility Acquisition has a 1 year low of $9.68 and a 1 year high of $10.11.

About Live Oak Mobility Acquisition

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.

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