Short Interest in Oaktree Acquisition Corp. II (NYSE:OACB) Increases By 3,196.7%

Oaktree Acquisition Corp. II (NYSE:OACB – Get Rating) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 201,100 shares, an increase of 3,196.7% from the April 30th total of 6,100 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 95,300 shares, the days-to-cover ratio is currently 2.1 days.

OACB has been the topic of several recent research reports. Zacks Investment Research lowered shares of Oaktree Acquisition Corp. II from a “hold” rating to a “sell” rating in a report on Tuesday. Northland Securities started coverage on shares of Oaktree Acquisition Corp. II in a research note on Monday, March 21st. They set an “outperform” rating and a $15.00 target price on the stock.

Shares of OACB stock traded up $0.01 during mid-day trading on Wednesday, hitting $9.96. 2,300 shares of the stock were exchanged, compared to its average volume of 88,767. The firm has a fifty day moving average of $9.93 and a 200 day moving average of $9.90. Oaktree Acquisition Corp. II has a 52-week low of $9.74 and a 52-week high of $10.00.

Hedge funds have recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in shares of Oaktree Acquisition Corp. II during the 4th quarter worth about $28,000. PenderFund Capital Management Ltd. raised its position in shares of Oaktree Acquisition Corp. II by 207.7% during the 4th quarter. PenderFund Capital Management Ltd. now owns 4,000 shares of the company’s stock worth $50,000 after purchasing an additional 2,700 shares during the last quarter. Susquehanna International Group LLP raised its position in shares of Oaktree Acquisition Corp. II by 12.6% during the 4th quarter. Susquehanna International Group LLP now owns 17,202 shares of the company’s stock worth $170,000 after purchasing an additional 1,929 shares during the last quarter. Glazer Capital LLC raised its position in shares of Oaktree Acquisition Corp. II by 161.0% during the 4th quarter. Glazer Capital LLC now owns 18,659 shares of the company’s stock worth $184,000 after purchasing an additional 11,509 shares during the last quarter. Finally, RPO LLC acquired a new position in shares of Oaktree Acquisition Corp. II during the 4th quarter worth about $187,000. 72.27% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Acquisition Corp. II Company Profile (Get Rating)

Oaktree Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses in the industrial and consumer sectors. The company was incorporated in 2020 and is headquartered in Los Angeles, California.

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