Oceanlight Acquisition Corp. (NASDAQ:OCLTU) Shares Shorted: Short Interest Up 225.3% in October

Oceanlight Acquisition Corp. (NASDAQ:OCLTU) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 618 shares, an increase of 225.3% from the September 30th total of 190 shares. Based on an average daily trading volume, of 1,531 shares, the short-interest ratio is currently 0.4 days.

Oceanlight Acquisition Price Performance

Shares of Oceanlight Acquisition stock traded down $0.09 during trading on Friday, hitting $10.11. 16,943 shares of the stock traded hands, compared to its average volume of 64,032. Oceanlight Acquisition has a twelve month low of $9.97 and a twelve month high of $11.00. The business’s fifty day moving average is $10.06.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Oceanlight Acquisition to a “hold” rating in a 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 business combination with one or more operating companies. Rather than offering products or services of its own, the company was established to raise capital through an initial public offering and use those proceeds, together with other financing, to pursue a merger, acquisition, stock exchange, or similar transaction.

Oceanlight Acquisition Corp. has evaluated potential targets across business sectors and geographies, with its activities focused on identifying an appropriate acquisition opportunity.