Live Oak Mobility Acquisition Corp. (NYSE:LOKM – Get Rating) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 30,100 shares, a growth of 19.4% from the July 15th total of 25,200 shares. Based on an average daily trading volume, of 66,600 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company's stock are sold short.
Live Oak Mobility Acquisition Trading Up 0.2 %
LOKM stock traded up $0.02 during midday trading on Monday, reaching $9.85. 346,700 shares of the company were exchanged, compared to its average volume of 58,934. The business has a 50-day moving average price of $9.81 and a two-hundred day moving average price of $9.78. Live Oak Mobility Acquisition has a one year low of $9.56 and a one year high of $9.86.
Get Live Oak Mobility Acquisition alerts:Hedge Funds Weigh In On Live Oak Mobility Acquisition
A number of institutional investors and hedge funds have recently modified their holdings of LOKM. Icon Advisers Inc. Co. grew its stake in shares of Live Oak Mobility Acquisition by 186.0% during the 2nd quarter. Icon Advisers Inc. Co. now owns 46,206 shares of the company's stock worth $453,000 after acquiring an additional 30,051 shares during the period. Bank of Montreal Can bought a new position in shares of Live Oak Mobility Acquisition during the 2nd quarter worth $1,248,000. Hartree Partners LP bought a new position in shares of Live Oak Mobility Acquisition during the 2nd quarter worth $1,960,000. Lynwood Capital Management Inc. grew its stake in shares of Live Oak Mobility Acquisition by 20.0% during the 2nd quarter. Lynwood Capital Management Inc. now owns 30,000 shares of the company's stock worth $294,000 after acquiring an additional 5,000 shares during the period. Finally, Verition Fund Management LLC boosted its stake 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 worth $2,596,000 after purchasing an additional 6,290 shares during the period. 55.53% of the stock is currently owned by institutional investors.
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.
Further Reading
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