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

Shares of OCA Acquisition Corp. (NASDAQ:OCAX) shot up 0.7% on Tuesday . The stock traded as high as $11.30 and last traded at $11.30. 32,182 shares traded hands during mid-day 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 has a 50 day moving average price of $11.17 and a two-hundred day moving average price of $11.11.

Institutional Investors Weigh In On OCA Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in OCAX. Mizuho Securities USA LLC purchased a new stake in shares of OCA Acquisition during the 1st quarter worth about $497,000. Virtu Financial LLC raised its stake in shares of OCA Acquisition by 89.9% in the 1st quarter. Virtu Financial LLC now owns 22,850 shares of the company’s stock valued at $247,000 after acquiring an additional 10,816 shares in the last quarter. Spartan Fund Management Inc. raised its stake in shares of OCA Acquisition by 23.1% in the 2nd quarter. Spartan Fund Management Inc. now owns 53,203 shares of the company’s stock valued at $595,000 after acquiring an additional 10,000 shares in the last quarter. Wolverine Asset Management LLC raised its stake in shares of OCA Acquisition by 2.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 319,766 shares of the company’s stock valued at $3,581,000 after acquiring an additional 7,056 shares in the last quarter. Finally, Cowen AND Company LLC raised its stake in shares of OCA Acquisition by 397.4% in the 2nd quarter. Cowen AND Company LLC now owns 311,653 shares of the company’s stock valued at $3,489,000 after acquiring an additional 248,997 shares in the last quarter. 38.20% of the stock is owned by hedge funds and other institutional investors.

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.