Oceanhawk Acquisition Corp. (NASDAQ:OHACU) Short Interest Down 99.9% in June

Oceanhawk Acquisition Corp. (NASDAQ:OHACU) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 15 shares, a drop of 99.9% from the May 31st total of 25,829 shares. Based on an average daily volume of 50,539 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Oceanhawk Acquisition to a “hold” rating in a research note on Saturday, May 30th.

Oceanhawk Acquisition Stock Performance

Shares of Oceanhawk Acquisition stock remained flat at $10.16 on Friday. 30,671 shares of the stock traded hands, compared to its average volume of 111,363. Oceanhawk Acquisition has a 52-week low of $10.00 and a 52-week high of $10.17.

Oceanhawk Acquisition Company Profile

Oceanhawk Acquisition is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not operate a traditional commercial business of its own prior to completing an initial business combination.

The company was created to identify and combine with a target business, but publicly available information about a specific operating focus, products, services, or geographic market is limited.