Oak Woods Acquisition Corporation (NASDAQ:OAKU) Sees Large Decline in Short Interest

Oak Woods Acquisition Corporation (NASDAQ:OAKU) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 19 shares, a drop of 84.0% from the December 31st total of 119 shares. Based on an average trading volume of 9,394 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 9,394 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Oak Woods Acquisition

A number of institutional investors and hedge funds have recently made changes to their positions in OAKU. Clear Street LLC boosted its holdings in shares of Oak Woods Acquisition by 118.2% in the 2nd quarter. Clear Street LLC now owns 5,818 shares of the company’s stock valued at $68,000 after buying an additional 3,152 shares during the last quarter. Clear Street Group Inc. acquired a new stake in Oak Woods Acquisition in the third quarter valued at $176,000. Warberg Asset Management LLC lifted its stake in Oak Woods Acquisition by 3.8% in 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 during the last quarter. Crossingbridge Advisors LLC grew its position in shares of Oak Woods Acquisition by 7,223.7% in the 3rd quarter. Crossingbridge Advisors LLC now owns 112,638 shares of the company’s stock valued at $1,356,000 after acquiring an additional 111,100 shares during the period. Finally, Wolverine Asset Management LLC increased its stake in shares of Oak Woods Acquisition by 8.8% during the 2nd 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. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Oak Woods Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, January 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Oak Woods Acquisition Price Performance

Shares of NASDAQ OAKU traded up $0.01 during mid-day trading on Tuesday, hitting $12.19. The company had a trading volume of 628 shares, compared to its average volume of 7,480. The firm has a 50-day simple moving average of $12.18 and a two-hundred day simple moving average of $12.08. Oak Woods Acquisition has a one year low of $11.28 and a one year high of $13.00.

Oak Woods Acquisition Company Profile

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.