Oceanhawk Acquisition Corp. (NASDAQ:OHACU – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 25,829 shares, a growth of ∞ from the May 14th total of 0 shares. Based on an average trading volume of 640,694 shares, the days-to-cover ratio is presently 0.0 days.
Oceanhawk Acquisition Price Performance
NASDAQ:OHACU traded down $0.02 during mid-day trading on Friday, hitting $10.13. The company had a trading volume of 510 shares, compared to its average volume of 153,451. Oceanhawk Acquisition has a 1 year low of $10.00 and a 1 year high of $10.15.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Oceanhawk Acquisition to a “hold” rating in a 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.
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