Short Interest in Live Oak Acquisition Corp. V (NASDAQ:TMS) Increases By 258.3%

Key Points

• Short interest surged 258.3% to 37,719 shares as of August 14, representing 0.1% of shares outstanding and 0.6 days to cover.
• Analyst views were mixed, with ratings ranging from “sell” to “outperform”; the overall consensus was “Hold” with a $14.00 target price.
• The stock opened at $6.52 after reportedly trading up 8.8%. The company posted quarterly EPS of $(0.11), missing estimates of $(0.08), while revenue of $148.66 million exceeded expectations.

Live Oak Acquisition Corp. V (NASDAQ:TMS - Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 37,719 shares, a growth of 258.3% from the July 30th total of 10,526 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 68,510 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TMS. Weiss Ratings began coverage on shares of Live Oak Acquisition Corp. V in a research report on Friday, August 14th. They set a "sell (e-)" rating for the company. Northland Securities assumed coverage on shares of Live Oak Acquisition Corp. V in a research report on Thursday, July 16th. They set an "outperform" rating and a $14.00 target price for the company. Finally, Wall Street Zen upgraded shares of Live Oak Acquisition Corp. V to a "hold" rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Live Oak Acquisition Corp. V has a consensus rating of "Hold" and a consensus target price of $14.00.

Live Oak Acquisition Corp. V Trading Up 8.8%

Shares of Live Oak Acquisition Corp. V stock opened at $6.52 on Thursday. Live Oak Acquisition Corp. V has a 52-week low of $5.04 and a 52-week high of $13.20. The firm has a 50-day moving average price of $7.29.

Live Oak Acquisition Corp. V (NASDAQ:TMS - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.11) earnings per share 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. As a group, sell-side analysts forecast that Live Oak Acquisition Corp. V will post -0.61 EPS for the current year.

About Live Oak Acquisition Corp. V

Live Oak Acquisition Corp. V is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company, it does not operate a traditional commercial business of its own and instead focuses on identifying and completing an acquisition transaction.

The company was organized to pursue opportunities across a broad range of industries and geographic markets, subject to the terms of its governing documents and applicable regulations.

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