OCA Acquisition Corp. (NASDAQ:OCAX – Get Rating) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 216,600 shares, an increase of 4,232.0% from the September 15th total of 5,000 shares. Based on an average trading volume of 35,400 shares, the days-to-cover ratio is currently 6.1 days.
OCA Acquisition Price Performance
Shares of OCAX traded up $0.01 during midday trading on Wednesday, reaching $10.09. The stock had a trading volume of 368 shares, compared to its average volume of 39,224. The company's 50-day moving average is $10.05 and its 200 day moving average is $10.05. OCA Acquisition has a 12-month low of $9.87 and a 12-month high of $10.12.
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Institutional Trading of OCA Acquisition
Hedge funds have recently bought and sold shares of the company. EHP Funds Inc. purchased a new stake in OCA Acquisition during the first quarter valued at about $478,000. Context Capital Management LLC bought a new stake in shares of OCA Acquisition in the 1st quarter valued at about $1,005,000. Spartan Fund Management Inc. purchased a new stake in OCA Acquisition during the 1st quarter valued at about $1,884,000. Royal Bank of Canada grew its position in OCA Acquisition by 223.3% during the 1st quarter. Royal Bank of Canada now owns 202,092 shares of the company's stock worth $2,031,000 after acquiring an additional 139,592 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in OCA Acquisition by 40.7% in the 2nd quarter. Jane Street Group LLC now owns 294,705 shares of the company's stock worth $2,953,000 after purchasing an additional 85,269 shares during the period. Institutional investors own 71.03% of the company's stock.
About OCA Acquisition
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OCA Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. OCA Acquisition Corp. was incorporated in 2020 and is based in New York, New York.
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