OCA Acquisition (NASDAQ:OCAX) Trading Up 0.3%

OCA Acquisition Corp. (NASDAQ:OCAX)’s share price rose 0.3% during mid-day trading on Tuesday . The stock traded as high as $10.91 and last traded at $10.90. Approximately 7,100 shares changed hands during trading, a decline of 77% from the average daily volume of 31,052 shares. The stock had previously closed at $10.87.

OCA Acquisition Price Performance

The company’s 50-day moving average price is $10.84 and its two-hundred day moving average price is $10.77.

Hedge Funds Weigh In On OCA Acquisition

Large investors have recently modified their holdings of the stock. Cowen AND Company LLC bought a new position in shares of OCA Acquisition during the third quarter worth about $1,064,000. Mizuho Securities USA LLC bought a new position in shares of OCA Acquisition during the third quarter worth about $2,375,000. TrueMark Investments LLC bought a new position in OCA Acquisition in the fourth quarter worth about $148,000. Periscope Capital Inc. boosted its stake in OCA Acquisition by 44.7% in the third quarter. Periscope Capital Inc. now owns 332,776 shares of the company’s stock valued at $3,544,000 after acquiring an additional 102,852 shares during the period. Finally, Sandia Investment Management LP bought a new position in shares of OCA Acquisition during the fourth quarter valued at approximately $1,075,000. Institutional investors own 38.20% of the company’s stock.

About OCA Acquisition

OCA Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.