Oceanlight Acquisition Corp. (NASDAQ:OCLTU) Shares Shorted: Short Interest Down 63.3% in September

Oceanlight Acquisition Corp. (NASDAQ:OCLTU) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 190 shares, a drop of 63.3% from the September 15th total of 518 shares. Based on an average daily volume of 5,894 shares, the short-interest ratio is currently 0.0 days.

Oceanlight Acquisition Price Performance

NASDAQ OCLTU traded down $0.01 during trading on Monday, hitting $10.04. 5,001 shares of the company traded hands, compared to its average volume of 69,629. Oceanlight Acquisition has a 12 month low of $9.97 and a 12 month high of $11.00. The business’s fifty day simple moving average is $10.05.

Wall Street Analyst Weigh In

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

Oceanlight Acquisition Company Profile

Oceanlight Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.

As a blank-check company, Oceanlight Acquisition does not operate a commercial business, manufacture products or provide services to customers. Its primary activities involve evaluating potential acquisition targets and pursuing a transaction that would result in a combined public company.

Publicly available information about Oceanlight Acquisition Corp.’s specific target industry, geographic focus and leadership is limited.