Oceanlight Acquisition Corp. (NASDAQ:OCLTU) Sees Significant Increase in Short Interest

Oceanlight Acquisition Corp. (NASDAQ:OCLTU) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 618 shares, an increase of 225.3% from the September 30th total of 190 shares. Based on an average trading volume of 1,531 shares, the days-to-cover ratio is currently 0.4 days.

Oceanlight Acquisition Trading Down 0.0%

OCLTU stock opened at $10.04 on Thursday. Oceanlight Acquisition has a fifty-two week low of $9.97 and a fifty-two week high of $11.00. The stock’s 50 day moving average price is $10.06.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Oceanlight Acquisition to a “hold” rating in a research note on Saturday, August 22nd.

Oceanlight Acquisition Company Profile

Oceanlight Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Rather than offering products or services of its own, the company was established to raise capital through an initial public offering and use those proceeds, together with other financing, to pursue a merger, acquisition, stock exchange, or similar transaction.

Oceanlight Acquisition Corp. has evaluated potential targets across business sectors and geographies, with its activities focused on identifying an appropriate acquisition opportunity.