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

Oak Woods Acquisition Co. (NASDAQ:OAKU) shares were up 0.6% during trading on Monday . The company traded as high as $11.57 and last traded at $11.50. Approximately 12,776 shares were traded during mid-day 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 Price Performance

The stock has a 50 day moving average of $11.36 and a 200 day moving average of $11.17.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OAKU. Mizuho Securities USA LLC increased its stake in Oak Woods Acquisition by 151.0% in the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the company’s stock valued at $5,393,000 after acquiring an additional 293,106 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Oak Woods Acquisition during the third quarter valued at about $710,000. SkyView Investment Advisors LLC bought a new position in shares of Oak Woods Acquisition during the third quarter valued at about $445,000. Quarry LP bought a new position in shares of Oak Woods Acquisition during the second quarter valued at about $401,000. Finally, Walleye Trading LLC bought a new position in shares of Oak Woods Acquisition during the third quarter valued at about $400,000. 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.