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Short Interest in Oxbridge Acquisition Corp. (NASDAQ:OXAC) Increases By 250.0%

kopsource ·  Nov 12, 2022 20:41

Oxbridge Acquisition Corp. (NASDAQ:OXAC – Get Rating) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 2,800 shares, an increase of 250.0% from the October 15th total of 800 shares. Based on an average daily trading volume, of 38,100 shares, the days-to-cover ratio is presently 0.1 days.

Oxbridge Acquisition Stock Down 0.3 %

NASDAQ:OXAC traded down $0.04 during trading hours on Friday, hitting $10.31. 609 shares of the stock were exchanged, compared to its average volume of 26,692. The company's 50 day moving average is $10.13 and its two-hundred day moving average is $10.07. Oxbridge Acquisition has a twelve month low of $9.85 and a twelve month high of $11.04.

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Oxbridge Acquisition (NASDAQ:OXAC – Get Rating) last posted its quarterly earnings data on Monday, August 15th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Oxbridge Acquisition

Large investors have recently added to or reduced their stakes in the company. RPO LLC bought a new position in Oxbridge Acquisition during the 3rd quarter worth about $121,000. Glazer Capital LLC bought a new position in Oxbridge Acquisition during the 1st quarter worth about $260,000. Virtu Financial LLC acquired a new position in shares of Oxbridge Acquisition during the 2nd quarter worth about $343,000. Wolverine Asset Management LLC boosted its stake in shares of Oxbridge Acquisition by 796.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 38,542 shares of the company's stock worth $386,000 after buying an additional 34,241 shares during the last quarter. Finally, Warberg Asset Management LLC acquired a new position in shares of Oxbridge Acquisition during the 3rd quarter worth about $403,000. Institutional investors own 65.96% of the company's stock.

Oxbridge Acquisition Company Profile

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Oxbridge Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Georgetown, Cayman Islands.

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