Oxus Acquisition (NASDAQ:OXUS) Shares Down 9.2%

Shares of Oxus Acquisition Corp. (NASDAQ:OXUSGet Free Report) dropped 9.2% during mid-day trading on Tuesday . The company traded as low as $8.05 and last traded at $9.00. Approximately 3,572 shares traded hands during trading, a decline of 91% from the average daily volume of 39,969 shares. The stock had previously closed at $9.91.

Oxus Acquisition Stock Performance

The company has a 50-day moving average of $11.04 and a 200-day moving average of $11.02.

Oxus Acquisition (NASDAQ:OXUSGet Free Report) last announced its earnings results on Monday, November 20th. The company reported ($0.14) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Shaolin Capital Management LLC increased its position in Oxus Acquisition by 200.0% during the 3rd quarter. Shaolin Capital Management LLC now owns 175,000 shares of the company’s stock valued at $1,932,000 after buying an additional 350,000 shares in the last quarter. Mizuho Securities USA LLC purchased a new stake in Oxus Acquisition during the 3rd quarter valued at about $374,000. Susquehanna International Group LLP purchased a new stake in Oxus Acquisition during the 1st quarter valued at about $132,000. Boothbay Fund Management LLC purchased a new stake in Oxus Acquisition during the 1st quarter valued at about $2,463,000. Finally, Sculptor Capital LP grew its stake in Oxus Acquisition by 87.6% during the 4th quarter. Sculptor Capital LP now owns 295,233 shares of the company’s stock valued at $3,050,000 after purchasing an additional 137,839 shares during the last quarter. 28.29% of the stock is owned by institutional investors and hedge funds.

Oxus Acquisition Company Profile

(Get Free Report)

Oxus Acquisition Corp. does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company intends to focus its search on targets in the energy transition technologies, such as battery materials, energy storage, electric vehicle infrastructure, and advanced recycling in emerging/frontier countries, including the Commonwealth of Independent States, South and South-East Asia, the Middle East, and North Africa regions.

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