Live Oak Mobility Acquisition Corp. (NYSE:LOKM) Sees Large Decrease in Short Interest

Live Oak Mobility Acquisition Corp. (NYSE:LOKMGet Rating) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 200 shares, a decline of 66.7% from the April 30th total of 600 shares. Based on an average daily trading volume, of 32,600 shares, the days-to-cover ratio is currently 0.0 days.

Institutional investors have recently modified their holdings of the business. Icon Advisers Inc. Co. purchased a new position in Live Oak Mobility Acquisition during the 1st quarter valued at $158,000. Flow Traders U.S. LLC purchased a new position in Live Oak Mobility Acquisition during the 1st quarter valued at $331,000. Hsbc Holdings PLC purchased a new position in Live Oak Mobility Acquisition during the 3rd quarter valued at $705,000. Q Global Advisors LLC bought a new stake in shares of Live Oak Mobility Acquisition during the 4th quarter valued at $879,000. Finally, 683 Capital Management LLC bought a new stake in shares of Live Oak Mobility Acquisition during the 4th quarter valued at $977,000. 55.53% of the stock is currently owned by institutional investors and hedge funds.

Live Oak Mobility Acquisition stock traded up $0.03 during mid-day trading on Friday, reaching $9.79. 87,156 shares of the company traded hands, compared to its average volume of 44,739. The firm’s 50 day moving average price is $9.79 and its 200 day moving average price is $9.77. Live Oak Mobility Acquisition has a 52-week low of $9.56 and a 52-week high of $9.87.

About Live Oak Mobility Acquisition (Get Rating)

Live Oak Mobility Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Memphis, Tennessee.

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