OceanLight Acquisition Corporation (NASDAQ:OCLT – Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 550 shares, a decrease of 71.9% from the October 15th total of 1,956 shares. Based on an average trading volume of 22,506 shares, the short-interest ratio is presently 0.0 days.
OceanLight Acquisition Stock Up 0.3%
Shares of OCLT stock traded up $0.03 during trading hours on Friday, hitting $9.95. 129,878 shares of the company were exchanged, compared to its average volume of 50,199. The company’s fifty day moving average price is $9.91. OceanLight Acquisition has a 52-week low of $9.86 and a 52-week high of $9.95.
OceanLight Acquisition Company Profile
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.
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