Oceanhawk Acquisition Corp. (NASDAQ:OHACU) Sees Significant Increase in Short Interest

Oceanhawk Acquisition Corp. (NASDAQ:OHACU) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 174 shares, a growth of 1,060.0% from the June 15th total of 15 shares. Based on an average daily volume of 10,130 shares, the days-to-cover ratio is currently 0.0 days.

Oceanhawk Acquisition Stock Performance

Shares of NASDAQ:OHACU remained flat at $10.15 during midday trading on Friday. The stock had a trading volume of 297 shares, compared to its average volume of 95,940. Oceanhawk Acquisition has a 12 month low of $10.00 and a 12 month high of $10.17.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Oceanhawk Acquisition to a “hold” rating in a research report on Saturday, May 30th.

Oceanhawk Acquisition Company Profile

Oceanhawk Acquisition is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not operate a traditional commercial business of its own prior to completing an initial business combination.

The company was created to identify and combine with a target business, but publicly available information about a specific operating focus, products, services, or geographic market is limited.