Short Interest in Oak Woods Acquisition Corporation (NASDAQ:OAKU) Increases By 200.0%

Key Points

• Short interest in Oak Woods Acquisition Corporation (NASDAQ:OAKU) rose by 200.0% in September, totaling 600 shares, although this represents only 0.0% of the total shares outstanding.
• Analysts have issued a sell (d+) rating for Oak Woods Acquisition, with the stock currently holding an average rating of "Sell."
• Institutional investors own 63.01% of Oak Woods Acquisition's stock, with notable increases in holdings from Wolverine Asset Management and Clear Street LLC.

Oak Woods Acquisition Corporation (NASDAQ:OAKU - Get Free Report) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 600 shares, an increase of 200.0% from the September 15th total of 200 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (d+)" rating on shares of Oak Woods Acquisition in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Oak Woods Acquisition presently has an average rating of "Sell".

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OAKU. Wolverine Asset Management LLC boosted its holdings in Oak Woods Acquisition by 8.8% during 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. Tabor Asset Management LP acquired a new position in Oak Woods Acquisition during the first quarter worth $1,402,000. Warberg Asset Management LLC boosted its holdings in Oak Woods Acquisition by 3.8% during 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, Clear Street LLC boosted its holdings in Oak Woods Acquisition by 118.2% during 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. Institutional investors and hedge funds own 63.01% of the company's stock.

Oak Woods Acquisition Stock Down 0.2%

Shares of Oak Woods Acquisition stock traded down $0.02 on Friday, hitting $12.18. The company had a trading volume of 5,643 shares, compared to its average volume of 10,852. Oak Woods Acquisition has a twelve month low of $11.17 and a twelve month high of $13.00. The stock has a 50-day moving average of $12.01 and a 200-day moving average of $11.89.

Oak Woods Acquisition Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.