Live Oak Acquisition Corp. V (NASDAQ:TMS) Shares Shorted: Short Interest Up 143.4% in September

Key Points

• Short interest surged 143.4% in September to 339,901 shares, representing approximately 0.5% of outstanding shares and 1.2 days of average trading volume to cover.
• Live Oak Acquisition Corp. V shares opened at $6.32, down 3.1%, and remain well below their 12-month high of $13.20. The company reported a quarterly loss of $0.11 per share, missing estimates by $0.03.
• Analyst sentiment is mixed, resulting in a consensus “Hold” rating and a $14.00 target price; one analyst rates the stock Buy and another rates it Sell.

Live Oak Acquisition Corp. V (NASDAQ:TMS - Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 339,901 shares, a growth of 143.4% from the September 15th total of 139,644 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 277,695 shares, the days-to-cover ratio is currently 1.2 days.

Live Oak Acquisition Corp. V Stock Down 3.1%

Shares of Live Oak Acquisition Corp. V stock opened at $6.32 on Tuesday. Live Oak Acquisition Corp. V has a 12-month low of $5.04 and a 12-month high of $13.20. The firm has a market cap of $465.54 million, a PE ratio of -57.45 and a beta of 0.71. The stock's 50-day moving average price is $7.30. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.67.

Live Oak Acquisition Corp. V (NASDAQ:TMS - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.03). The business had revenue of $148.66 million for the quarter, compared to analysts' expectations of $144.74 million. On average, equities analysts anticipate that Live Oak Acquisition Corp. V will post -0.54 earnings per share for the current year.

Analysts Set New Price Targets

TMS has been the topic of several recent analyst reports. Wall Street Zen raised Live Oak Acquisition Corp. V to a "hold" rating in a research note on Saturday, August 22nd. Northland Securities assumed coverage on Live Oak Acquisition Corp. V in a research report on Thursday, July 16th. They issued an "outperform" rating and a $14.00 price target on the stock. Finally, Weiss Ratings upgraded Live Oak Acquisition Corp. V from a "sell (e)" rating to a "sell (d)" rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $14.00.

Live Oak Acquisition Corp. V Company Profile

Live Oak Acquisition Corp. V is a special purpose acquisition company (SPAC) formed to identify, acquire, or merge with one or more operating businesses. Unlike a traditional operating company, it does not manufacture products or provide ongoing commercial services of its own.

The company's principal activity is evaluating potential business combination opportunities and completing a transaction that would allow a private company to become publicly traded. Until such a transaction is completed, its activities are generally limited to organizational matters, identifying potential targets, and managing funds held for the proposed combination.

Publicly available information about Live Oak Acquisition Corp.

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