Oceanlight Acquisition Corp. (NASDAQ:OCLTU) Stock Short Interest Declines 63.3%

Oceanlight Acquisition Corp. (NASDAQ:OCLTU) saw a large drop in short interest in 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 days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

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

Oceanlight Acquisition Price Performance

Shares of NASDAQ OCLTU traded down $0.03 during midday trading on Tuesday, reaching $10.02. The company’s stock had a trading volume of 2,818 shares, compared to its average volume of 68,039. Oceanlight Acquisition has a one year low of $9.97 and a one year high of $11.00. The stock has a 50 day moving average price of $10.05.

About Oceanlight Acquisition

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.