OceanLight Acquisition Corporation (NASDAQ:OCLT) Sees Significant Decrease in Short Interest

OceanLight Acquisition Corporation (NASDAQ:OCLT) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 550 shares, a decline of 71.9% from the October 15th total of 1,956 shares. Based on an average trading volume of 22,506 shares, the days-to-cover ratio is presently 0.0 days.

OceanLight Acquisition Trading Up 0.3%

Shares of NASDAQ OCLT traded up $0.03 during trading on Friday, reaching $9.95. The company had a trading volume of 129,878 shares, compared to its average volume of 50,199. OceanLight Acquisition has a 12-month low of $9.86 and a 12-month high of $9.95. The business’s 50-day moving average is $9.91.

About OceanLight Acquisition

OceanLight Acquisition Corp. is a special purpose acquisition company (SPAC) listed on Nasdaq under the symbol OCLT. The company was formed to pursue a business combination, such as a merger, capital stock exchange, asset acquisition, reorganization or similar transaction, with one or more operating businesses. Unlike an operating company, OceanLight Acquisition does not appear to have established products, services or ongoing commercial operations of its own. Its principal activity is identifying and evaluating potential target businesses and completing a transaction that would allow a private company to become publicly traded.