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

Oceanhawk Acquisition Corp. (NASDAQ:OHAC) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 672 shares, a drop of 40.0% from the September 30th total of 1,120 shares. Based on an average trading volume of 17,703 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Oceanhawk Acquisition Trading Up 0.1%

Shares of NASDAQ:OHAC traded up $0.01 during mid-day trading on Tuesday, reaching $10.01. The stock had a trading volume of 18,006 shares, compared to its average volume of 80,991. Oceanhawk Acquisition has a 1 year low of $9.86 and a 1 year high of $10.01. The business has a 50 day moving average of $9.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on Oceanhawk Acquisition in a report on Monday, August 31st. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Oceanhawk Acquisition Company Profile

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.