Live Oak Acquisition Corp. V (NASDAQ:TMS) Stock Short Interest Jumps 158.7%

Key Points

• Short interest surged 158.7% to 139,644 shares as of September 15, up from 53,972 shares at the end of August. Short interest represents 0.2% of shares outstanding, with a one-day days-to-cover ratio.
• Live Oak Acquisition Corp. V shares were trading at $8.00, down 12.5%, with a 12-month range of $5.04 to $13.20. The company’s 50-day moving average was $6.98.
• The company missed quarterly EPS expectations, reporting a loss of $0.11 per share versus the $0.08 expected, though revenue of $148.66 million exceeded estimates. Analysts’ overall rating is Hold, with a consensus price target of $14.00.

Live Oak Acquisition Corp. V (NASDAQ:TMS - Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 139,644 shares, a growth of 158.7% from the August 31st total of 53,972 shares. Based on an average daily volume of 140,956 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.2% of the shares of the company are short sold.

Live Oak Acquisition Corp. V Trading Down 12.5%

NASDAQ TMS opened at $8.00 on Friday. The business's 50 day moving average price is $6.98. Live Oak Acquisition Corp. V has a 12 month low of $5.04 and a 12 month high of $13.20.

Live Oak Acquisition Corp. V (NASDAQ:TMS - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $144.74 million. As a group, analysts expect that Live Oak Acquisition Corp. V will post -0.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TMS. Wall Street Zen raised shares of Live Oak Acquisition Corp. V to a "hold" rating in a report on Saturday, August 22nd. Weiss Ratings raised shares of Live Oak Acquisition Corp. V from a "sell (e-)" rating to a "sell (e)" rating in a report on Tuesday, September 1st. Finally, Northland Securities started coverage on shares of 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. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average 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 and combine with one or more businesses through a merger, acquisition, stock purchase, reorganization, or similar transaction.

Unlike an operating company, Live Oak Acquisition Corp. V does not have established products, services, or geographic markets of its own. Its activities primarily involve evaluating potential business combination opportunities and completing a transaction with a target company.

Public information about the company's specific target, operating activities, and leadership is limited.

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