Live Oak Acquisition Corp. V (NASDAQ:TMS) Stock Short Interest Rises 143.4%

Live Oak Acquisition Corp. V (NASDAQ:TMS) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 339,901 shares, an increase of 143.4% from the September 15th total of 139,644 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 277,695 shares, the days-to-cover ratio is currently 1.2 days.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TMS. Wall Street Zen raised Live Oak Acquisition Corp. V to a “hold” rating in a report on Saturday, August 22nd. Northland Securities started coverage on Live Oak Acquisition Corp. V in a research note on Thursday, July 16th. They set an “outperform” rating and a $14.00 target price on the stock. Finally, Weiss Ratings raised shares of Live Oak Acquisition Corp. V from a “sell (e)” rating to a “sell (d)” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Live Oak Acquisition Corp. V currently has an average rating of “Hold” and an average price target of $14.00.

Live Oak Acquisition Corp. V Price Performance

Shares of Live Oak Acquisition Corp. V stock opened at $5.49 on Wednesday. The company has a market cap of $404.69 million, a PE ratio of -53.25 and a beta of 0.71. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67. Live Oak Acquisition Corp. V has a 1 year low of $5.04 and a 1 year high of $13.20. The stock has a 50-day moving average price of $7.26.

Live Oak Acquisition Corp. V (NASDAQ:TMS) last issued its earnings results on Friday, August 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The firm had revenue of $148.66 million for the quarter, compared to analysts’ expectations of $144.74 million. On average, equities analysts expect that Live Oak Acquisition Corp. V will post -0.54 EPS for the current fiscal year.

About Live Oak Acquisition Corp. V

Live Oak Acquisition Corp. V is a special purpose acquisition company (SPAC) formed to identify, acquire, or merge with one or more operating businesses. Unlike a traditional operating company, it does not manufacture products or provide ongoing commercial services of its own.

The company’s principal activity is evaluating potential business combination opportunities and completing a transaction that would allow a private company to become publicly traded. Until such a transaction is completed, its activities are generally limited to organizational matters, identifying potential targets, and managing funds held for the proposed combination.

Publicly available information about Live Oak Acquisition Corp.