OCA Acquisition (NASDAQ:OCAX) Trading Up 0.1% – Still a Buy?

OCA Acquisition Corp. (NASDAQ:OCAX) shares shot up 0.1% on Tuesday . The stock traded as high as $11.31 and last traded at $11.31. 271 shares were traded during trading, a decline of 99% from the average session volume of 20,931 shares. The stock had previously closed at $11.30.

OCA Acquisition Stock Performance

The company’s 50 day moving average price is $11.28 and its 200 day moving average price is $11.18.

Hedge Funds Weigh In On OCA Acquisition

Several hedge funds have recently bought and sold shares of the business. Spartan Fund Management Inc. lifted its position in shares of OCA Acquisition by 23.1% in the second quarter. Spartan Fund Management Inc. now owns 53,203 shares of the company’s stock worth $595,000 after buying an additional 10,000 shares during the last quarter. Clear Street LLC lifted its holdings in OCA Acquisition by 1,094.1% in the 2nd quarter. Clear Street LLC now owns 91,552 shares of the company’s stock worth $1,025,000 after purchasing an additional 83,885 shares during the last quarter. Cowen AND Company LLC lifted its holdings in OCA Acquisition by 397.4% in the 2nd quarter. Cowen AND Company LLC now owns 311,653 shares of the company’s stock worth $3,489,000 after purchasing an additional 248,997 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its position in OCA Acquisition by 2.3% during the second quarter. Wolverine Asset Management LLC now owns 319,766 shares of the company’s stock worth $3,581,000 after purchasing an additional 7,056 shares during the period. 38.20% of the stock is owned by institutional investors and hedge funds.

About OCA Acquisition

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.