Oak Woods Acquisition (NASDAQ:OAKU) Trading 0.3% Higher - Should You Buy?

Oak Woods Acquisition Corporation (NASDAQ:OAKU - Get Free Report)'s share price shot up 0.3% on Monday . The company traded as high as $11.75 and last traded at $11.74. 1,540 shares were traded during trading, a decline of 95% from the average session volume of 32,577 shares. The stock had previously closed at $11.70.

Oak Woods Acquisition Stock Up 0.3%

The firm has a 50 day simple moving average of $11.81 and a two-hundred day simple moving average of $11.62.

Hedge Funds Weigh In On Oak Woods Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the company. Spartan Fund Management Inc. purchased a new position in Oak Woods Acquisition during the 4th quarter worth $37,000. Boothbay Fund Management LLC purchased a new position in Oak Woods Acquisition during the fourth quarter worth about $285,000. Quarry LP raised its holdings in Oak Woods Acquisition by 100.3% during the fourth quarter. Quarry LP now owns 73,900 shares of the company's stock worth $839,000 after purchasing an additional 37,000 shares in the last quarter. BCK Capital Management LP acquired a new stake in Oak Woods Acquisition in the fourth quarter valued at about $421,000. Finally, Tabor Asset Management LP purchased a new stake in Oak Woods Acquisition in the 1st quarter valued at approximately $1,402,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

About Oak Woods Acquisition

Oak Woods Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company intends to focus on businesses that operate in the public and private healthcare, medical services, and technology-enabled healthcare services sectors, as well as enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain, and other areas in the Asia-pacific region.