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.
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.
- Get a free copy of the StockNews.com research report on Oaktree Acquisition Corp. II (OACB)
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