Oceanlight Acquisition Corp. (NASDAQ:OCLTU) Sees Significant Decrease in Short Interest

Oceanlight Acquisition Corp. (NASDAQ:OCLTU) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 190 shares, a decline of 63.3% from the September 15th total of 518 shares. Based on an average daily volume of 5,894 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

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

Oceanlight Acquisition Trading Up 0.1%

Shares of OCLTU stock traded up $0.01 during trading hours on Wednesday, hitting $10.04. The stock had a trading volume of 3,003 shares, compared to its average volume of 66,526. Oceanlight Acquisition has a one year low of $9.97 and a one year high of $11.00. The business has a 50-day simple moving average of $10.05.

Oceanlight Acquisition Company Profile

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.