Oak Woods Acquisition's (OAKU) Sell (D+) Rating Reiterated at Weiss Ratings

Key Points

• Oak Woods Acquisition's stock has been given a "sell (D+)" rating by Weiss Ratings, which has been reaffirmed in a recent note to investors.
• The stock price opened at $11.90 on Wednesday, showing a slight decline of 0.9%, with a one-year low of $11.12 and a high of $12.05.
• Institutional investors own approximately 63.01% of Oak Woods Acquisition, indicating significant interest from hedge funds in changing their positions in the stock.

Oak Woods Acquisition (NASDAQ:OAKU - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Oak Woods Acquisition Stock Down 0.9%

Shares of OAKU stock opened at $11.90 on Wednesday. The stock has a 50-day moving average of $11.97 and a 200-day moving average of $11.86. Oak Woods Acquisition has a one year low of $11.12 and a one year high of $12.05.

Hedge Funds Weigh In On Oak Woods Acquisition

Hedge funds have recently made changes to their positions in the stock. Tabor Asset Management LP bought a new stake in Oak Woods Acquisition in the first quarter worth approximately $1,402,000. Clear Street LLC boosted its position in Oak Woods Acquisition by 118.2% in the second quarter. Clear Street LLC now owns 5,818 shares of the company's stock worth $68,000 after purchasing an additional 3,152 shares during the last quarter. Warberg Asset Management LLC boosted its position in Oak Woods Acquisition by 3.8% in the second quarter. Warberg Asset Management LLC now owns 41,426 shares of the company's stock worth $485,000 after purchasing an additional 1,514 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its position in Oak Woods Acquisition by 8.8% in the second quarter. Wolverine Asset Management LLC now owns 336,511 shares of the company's stock worth $3,981,000 after purchasing an additional 27,237 shares during the last quarter. 63.01% of the stock is currently owned by 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.

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