OCA Acquisition (NASDAQ:OCAX) Shares Up 0.7% – Here’s Why

OCA Acquisition Corp. (NASDAQ:OCAX)’s stock price shot up 0.7% on Tuesday . The company traded as high as $11.30 and last traded at $11.30. 32,182 shares changed hands during trading, an increase of 54% from the average session volume of 20,931 shares. The stock had previously closed at $11.22.

OCA Acquisition Stock Performance

The stock’s fifty day moving average is $11.17 and its two-hundred day moving average is $11.11.

Institutional Trading of OCA Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC lifted its stake in OCA Acquisition by 89.9% in the 1st quarter. Virtu Financial LLC now owns 22,850 shares of the company’s stock worth $247,000 after acquiring an additional 10,816 shares in the last quarter. Mizuho Securities USA LLC purchased a new stake in shares of OCA Acquisition in the first quarter worth approximately $497,000. Spartan Fund Management Inc. boosted its holdings in shares of OCA Acquisition by 23.1% during the second quarter. Spartan Fund Management Inc. now owns 53,203 shares of the company’s stock worth $595,000 after purchasing an additional 10,000 shares during the period. Clear Street LLC grew its position in OCA Acquisition by 1,094.1% during the second quarter. Clear Street LLC now owns 91,552 shares of the company’s stock valued at $1,025,000 after purchasing an additional 83,885 shares in the last quarter. Finally, Cowen AND Company LLC grew its position in OCA Acquisition by 397.4% during the second quarter. Cowen AND Company LLC now owns 311,653 shares of the company’s stock valued at $3,489,000 after purchasing an additional 248,997 shares in the last quarter. Institutional investors and hedge funds own 38.20% of the company’s stock.

OCA Acquisition Company Profile

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