Live Oak Mobility Acquisition Corp. (NYSE:LOKM – Get Rating) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 4,600 shares, a growth of 228.6% from the June 15th total of 1,400 shares. Based on an average daily trading volume, of 47,400 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.
Institutional Investors Weigh In On Live Oak Mobility Acquisition
Several institutional investors and hedge funds have recently made changes to their positions in LOKM. Verition Fund Management LLC lifted its holdings in Live Oak Mobility Acquisition by 2.4% in the 1st quarter. Verition Fund Management LLC now owns 264,656 shares of the company's stock valued at $2,596,000 after purchasing an additional 6,290 shares in the last quarter. Icon Advisers Inc. Co. purchased a new position in Live Oak Mobility Acquisition in the 1st quarter valued at about $158,000. Hsbc Holdings PLC lifted its holdings in Live Oak Mobility Acquisition by 19.2% in the 1st quarter. Hsbc Holdings PLC now owns 236,081 shares of the company's stock valued at $2,307,000 after purchasing an additional 38,048 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Live Oak Mobility Acquisition in the 1st quarter valued at about $331,000. Finally, Basso Capital Management L.P. purchased a new position in Live Oak Mobility Acquisition in the 1st quarter valued at about $989,000. 55.53% of the stock is currently owned by hedge funds and other institutional investors.
Get Live Oak Mobility Acquisition alerts:Live Oak Mobility Acquisition Price Performance
Shares of Live Oak Mobility Acquisition stock traded down $0.02 on Friday, hitting $9.81. The company's stock had a trading volume of 1,560 shares, compared to its average volume of 54,333. Live Oak Mobility Acquisition has a 52-week low of $9.56 and a 52-week high of $9.87. The firm has a fifty day moving average price of $9.78 and a 200-day moving average price of $9.77.
About Live Oak Mobility Acquisition
(Get Rating)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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