Oak Woods Acquisition (NASDAQ:OAKU) Trading 0.3% Higher – Here’s Why

Shares of Oak Woods Acquisition Corporation (NASDAQ:OAKU) traded up 0.3% during trading on Monday . The stock traded as high as $11.75 and last traded at $11.74. 1,540 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 32,577 shares. The stock had previously closed at $11.70.

Oak Woods Acquisition Trading Up 0.3%

The business’s fifty day moving average price is $11.81 and its 200 day moving average price is $11.61.

Hedge Funds Weigh In On Oak Woods Acquisition

Several institutional investors have recently bought and sold shares of OAKU. Spartan Fund Management Inc. bought a new stake in Oak Woods Acquisition during the 4th quarter worth about $37,000. Boothbay Fund Management LLC acquired a new position in shares of Oak Woods Acquisition during the fourth quarter worth approximately $285,000. BCK Capital Management LP bought a new stake in shares of Oak Woods Acquisition during the fourth quarter valued at approximately $421,000. Quarry LP grew its stake in shares of Oak Woods Acquisition by 100.3% during the fourth quarter. Quarry LP now owns 73,900 shares of the company’s stock valued at $839,000 after purchasing an additional 37,000 shares during the last quarter. Finally, Tabor Asset Management LP acquired a new stake in shares of Oak Woods Acquisition in the first quarter valued at approximately $1,402,000. Institutional investors own 63.01% of the company’s stock.

Oak Woods Acquisition Company Profile

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.