Oceanhawk Acquisition Corp. (NASDAQ:OHAC) Stock Short Interest Report for October

Oceanhawk Acquisition Corp. (NASDAQ:OHAC) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 672 shares, a decrease of 40.0% from the September 30th total of 1,120 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 17,703 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on Oceanhawk Acquisition in a report on Monday, August 31st. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Oceanhawk Acquisition Trading Up 0.1%

Shares of OHAC traded up $0.01 on Monday, reaching $10.03. 15,686 shares of the company’s stock traded hands, compared to its average volume of 81,961. The business 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.

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.