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Live Oak Mobility Acquisition Corp. (NYSE:LOKM) Short Interest Down 12.3% in November

kopsource ·  Dec 5, 2022 13:31

Live Oak Mobility Acquisition Corp. (NYSE:LOKM – Get Rating) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 10,000 shares, a drop of 12.3% from the October 31st total of 11,400 shares. Based on an average daily volume of 54,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Live Oak Mobility Acquisition Trading Up 0.1 %

LOKM stock traded up $0.01 on Monday, hitting $9.97. The company had a trading volume of 4,628 shares, compared to its average volume of 62,693. Live Oak Mobility Acquisition has a 12-month low of $9.67 and a 12-month high of $9.98. The stock's 50-day simple moving average is $9.92 and its 200 day simple moving average is $9.85.

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Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Icon Advisers Inc. Co. bought a new position in Live Oak Mobility Acquisition in the first quarter worth approximately $158,000. Flow Traders U.S. LLC bought a new stake in shares of Live Oak Mobility Acquisition during the 1st quarter valued at $331,000. Westchester Capital Management LLC raised its position in shares of Live Oak Mobility Acquisition by 3.0% during the 3rd quarter. Westchester Capital Management LLC now owns 257,500 shares of the company's stock valued at $2,528,000 after purchasing an additional 7,500 shares during the period. Saba Capital Management L.P. increased its holdings in Live Oak Mobility Acquisition by 31.8% in the 3rd quarter. Saba Capital Management L.P. now owns 615,004 shares of the company's stock valued at $6,045,000 after acquiring an additional 148,215 shares during the last quarter. Finally, Fir Tree Capital Management LP increased its holdings in Live Oak Mobility Acquisition by 8.9% in the 3rd quarter. Fir Tree Capital Management LP now owns 216,204 shares of the company's stock valued at $2,127,000 after acquiring an additional 17,720 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors.

Live Oak Mobility Acquisition Company Profile

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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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