Oxus Acquisition (NASDAQ:OXUS) Trading 1% Higher

Oxus Acquisition Corp. (NASDAQ:OXUS) traded up 1% on Thursday . The company traded as high as $9.20 and last traded at $9.20. 8,610 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 38,372 shares. The stock had previously closed at $9.11.

Oxus Acquisition Stock Performance

The company has a market capitalization of $60.37 million, a price-to-earnings ratio of -43.81 and a beta of 0.01. The stock’s fifty day simple moving average is $7.07 and its two-hundred day simple moving average is $8.24.

Institutional Trading of Oxus Acquisition

A hedge fund recently raised its stake in Oxus Acquisition stock. Mizuho Securities USA LLC increased its position in Oxus Acquisition Corp. (NASDAQ:OXUS) by 481.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 201,335 shares of the company’s stock after buying an additional 166,737 shares during the period. Mizuho Securities USA LLC owned 3.07% of Oxus Acquisition worth $2,247,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 28.29% of the company’s stock.

About Oxus Acquisition

Oxus Acquisition Corp. does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company intends to focus its search on targets in the energy transition technologies, such as battery materials, energy storage, electric vehicle infrastructure, and advanced recycling in emerging/frontier countries, including the Commonwealth of Independent States, South and South-East Asia, the Middle East, and North Africa regions.