Oceanhawk Acquisition Corp. (NASDAQ:OHAC) Shares Shorted: Short Interest Down 40.0% in October

by · The Cerbat Gem

Oceanhawk Acquisition Corp. (NASDAQ:OHAC – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 672 shares, a decline of 40.0% from the September 30th total of 1,120 shares. Based on an average trading volume of 17,703 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Oceanhawk Acquisition Stock Performance

OHAC opened at $10.01 on Friday. Oceanhawk Acquisition has a 52-week low of $9.86 and a 52-week high of $10.01. The company’s 50 day simple moving average is $9.99.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on shares of Oceanhawk Acquisition in a research note on Monday, August 31st. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on OHAC

About Oceanhawk Acquisition

(Get Free Report)

Oceanhawk Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than selling products or services of its own, the company was established to raise capital through a public offering and use those funds, subject to shareholder approval, to acquire or merge with a target business.

As an acquisition company, Oceanhawk’s activities have primarily consisted of evaluating potential merger or acquisition opportunities, conducting due diligence, and managing the transaction process.

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