Oceanhawk Acquisition Corp. (NASDAQ:OHAC) Sees Significant Drop in Short Interest

Oceanhawk Acquisition Corp. (NASDAQ:OHAC) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,911 shares, a decrease of 40.8% from the August 31st total of 3,228 shares. Based on an average daily trading volume, of 42,585 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Oceanhawk Acquisition Trading Down 0.0%

OHAC traded down $0.00 during mid-day trading on Friday, reaching $9.99. 66,986 shares of the company traded hands, compared to its average volume of 91,178. The stock’s fifty day moving average is $9.96. Oceanhawk Acquisition has a 52-week low of $9.86 and a 52-week high of $10.00.

Analyst Ratings Changes

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

About Oceanhawk Acquisition

Oceanhawk Acquisition is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol OHAC. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with an operating business.

As a blank-check company, Oceanhawk Acquisition does not operate a traditional business and does not currently offer products or services of its own. Its activities are focused on evaluating potential acquisition opportunities and completing a transaction that would result in a combined operating company.