Oak Woods Acquisition (NASDAQ:OAKU) Trading Up 0.6% – Still a Buy?

Oak Woods Acquisition Co. (NASDAQ:OAKU)’s stock price rose 0.6% during mid-day trading on Monday . The company traded as high as $11.57 and last traded at $11.50. Approximately 12,776 shares were traded during trading, a decline of 63% from the average daily volume of 34,625 shares. The stock had previously closed at $11.43.

Oak Woods Acquisition Trading Up 0.6 %

The business has a fifty day moving average of $11.36 and a 200-day moving average of $11.17.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OAKU. Mizuho Securities USA LLC increased its holdings in Oak Woods Acquisition by 151.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the company’s stock valued at $5,393,000 after purchasing an additional 293,106 shares during the period. Walleye Capital LLC purchased a new position in Oak Woods Acquisition during the 3rd quarter valued at about $710,000. SkyView Investment Advisors LLC purchased a new position in Oak Woods Acquisition during the 3rd quarter valued at about $445,000. Quarry LP purchased a new position in Oak Woods Acquisition during the 2nd quarter valued at about $401,000. Finally, Walleye Trading LLC purchased a new position in Oak Woods Acquisition during the 3rd quarter valued at about $400,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Oak Woods Acquisition

Oak Woods Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company intends to focus on businesses that operate in the public and private healthcare, medical services, and technology-enabled healthcare services sectors, as well as enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain, and other areas in the Asia-pacific region.