OceanLight Acquisition Corporation (NASDAQ:OCLT – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,646 shares. Based on an average daily volume of 35,370 shares, the days-to-cover ratio is currently 0.0 days.
OceanLight Acquisition Stock Performance
NASDAQ:OCLT traded down $0.01 during trading hours on Monday, hitting $9.88. The company had a trading volume of 260,875 shares, compared to its average volume of 84,377. OceanLight Acquisition has a 1 year low of $9.86 and a 1 year high of $9.94.
OceanLight Acquisition Company Profile
Ocean Light Acquisition Corp. (NASDAQ: OCLT) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Its potential transaction could take the form of a merger, share exchange, asset acquisition, stock purchase, recapitalization or similar corporate combination.
Unlike an operating company, Ocean Light Acquisition does not appear to sell products or provide ongoing commercial services. Its primary activities are evaluating prospective targets, negotiating a transaction and completing the related financing and regulatory processes.
Publicly available information about the company’s target industry, operating geographies and leadership is limited.
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