Live Oak Mobility Acquisition Corp. (NYSE:LOKM) Short Interest Down 60.0% in April

Live Oak Mobility Acquisition Corp. (NYSE:LOKMGet Rating) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totalling 600 shares, a drop of 60.0% from the April 15th total of 1,500 shares. Based on an average daily volume of 41,000 shares, the days-to-cover ratio is currently 0.0 days.

Shares of LOKM stock remained flat at $$9.76 during mid-day trading on Friday. The stock had a trading volume of 3 shares, compared to its average volume of 47,515. The business has a fifty day moving average price of $9.78 and a two-hundred day moving average price of $9.77. Live Oak Mobility Acquisition has a 12-month low of $9.56 and a 12-month high of $9.87.

Several hedge funds have recently made changes to their positions in the company. Verition Fund Management LLC boosted its stake in shares of Live Oak Mobility Acquisition by 2.4% during the first quarter. Verition Fund Management LLC now owns 264,656 shares of the company’s stock valued at $2,596,000 after purchasing an additional 6,290 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Live Oak Mobility Acquisition by 230.2% during the fourth quarter. Toronto Dominion Bank now owns 215,165 shares of the company’s stock worth $2,102,000 after acquiring an additional 150,000 shares during the last quarter. Apollo Management Holdings L.P. bought a new position in shares of Live Oak Mobility Acquisition during the third quarter worth about $1,929,000. Basso Capital Management L.P. bought a new position in shares of Live Oak Mobility Acquisition during the first quarter worth about $989,000. Finally, 683 Capital Management LLC bought a new position in shares of Live Oak Mobility Acquisition during the fourth quarter worth about $977,000. 55.53% of the stock is currently owned by hedge funds and other institutional investors.

Live Oak Mobility Acquisition Company Profile (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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