Crossingbridge Advisors LLC Cuts Stake in Oak Woods Acquisition Co. (NASDAQ:OAKU)

Crossingbridge Advisors LLC lessened its stake in shares of Oak Woods Acquisition Co. (NASDAQ:OAKU - Free Report) by 19.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the company's stock after selling 49,680 shares during the quarter. Oak Woods Acquisition comprises 0.7% of Crossingbridge Advisors LLC's portfolio, making the stock its 27th largest holding. Crossingbridge Advisors LLC owned approximately 3.31% of Oak Woods Acquisition worth $2,270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Boothbay Fund Management LLC purchased a new position in Oak Woods Acquisition during the 4th quarter valued at about $285,000. Spartan Fund Management Inc. purchased a new position in shares of Oak Woods Acquisition during the fourth quarter worth about $37,000. Wolverine Asset Management LLC grew its holdings in shares of Oak Woods Acquisition by 31.3% during the fourth quarter. Wolverine Asset Management LLC now owns 313,269 shares of the company's stock worth $3,556,000 after purchasing an additional 74,618 shares in the last quarter. Finally, SkyView Investment Advisors LLC purchased a new position in shares of Oak Woods Acquisition during the third quarter worth about $445,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Oak Woods Acquisition Stock Up 2.1 %

Shares of NASDAQ OAKU traded up $0.24 during midday trading on Monday, hitting $11.93. 6,153 shares of the company's stock were exchanged, compared to its average volume of 30,710. Oak Woods Acquisition Co. has a 12-month low of $10.75 and a 12-month high of $11.93. The business's fifty day moving average price is $11.65 and its two-hundred day moving average price is $11.45.

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.