Oak Woods Acquisition Corporation (NASDAQ:OAKU) Short Interest Update

Oak Woods Acquisition Corporation (NASDAQ:OAKU) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 48 shares, a drop of 68.8% from the November 30th total of 154 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 506 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 506 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Oak Woods Acquisition Stock Performance

Shares of NASDAQ:OAKU traded down $0.10 during midday trading on Friday, hitting $12.10. 304 shares of the stock were exchanged, compared to its average volume of 8,771. The business’s 50-day moving average price is $12.16 and its 200 day moving average price is $12.02. Oak Woods Acquisition has a 12 month low of $11.28 and a 12 month high of $13.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Oak Woods Acquisition in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Oak Woods Acquisition

A number of hedge funds have recently modified their holdings of the business. Clear Street Group Inc. bought a new stake in shares of Oak Woods Acquisition in the 3rd quarter valued at $176,000. Crossingbridge Advisors LLC increased its stake in Oak Woods Acquisition by 7,223.7% in the third quarter. Crossingbridge Advisors LLC now owns 112,638 shares of the company’s stock valued at $1,356,000 after purchasing an additional 111,100 shares in the last quarter. Clear Street LLC boosted its position in shares of Oak Woods Acquisition by 118.2% during the 2nd quarter. Clear Street LLC now owns 5,818 shares of the company’s stock worth $68,000 after purchasing an additional 3,152 shares in the last quarter. Warberg Asset Management LLC increased its holdings in shares of Oak Woods Acquisition by 3.8% during the second quarter. Warberg Asset Management LLC now owns 41,426 shares of the company’s stock valued at $485,000 after acquiring an additional 1,514 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its position in Oak Woods Acquisition by 8.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 336,511 shares of the company’s stock valued at $3,981,000 after purchasing an additional 27,237 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Oak Woods Acquisition

Oak Woods Acquisition Corp. (NASDAQ: OAKU) is a special purpose acquisition company incorporated in Delaware. Established in 2021 through an initial public offering on the Nasdaq, the company’s primary objective is to raise capital and effectuate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Oak Woods Acquisition focuses on identifying targets in digital infrastructure, next-generation computing and data-driven markets.