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

Oceanhawk Acquisition Corp. (NASDAQ:OHAC) saw 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 daily trading volume, of 17,703 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Oceanhawk Acquisition Price Performance

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

Analyst Upgrades and Downgrades

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