OceanLight Acquisition Corporation (NASDAQ:OCLT) Sees Large Decline in Short Interest

OceanLight Acquisition Corporation (NASDAQ:OCLT – Get Free Report) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 73 shares, a decrease of 95.6% from the September 15th total of 1,646 shares. Based on an average daily volume of 53,523 shares, the short-interest ratio is presently 0.0 days.

OceanLight Acquisition Price Performance

Shares of OCLT traded up $0.01 during mid-day trading on Friday, reaching $9.89. 1,509 shares of the company’s stock were exchanged, compared to its average volume of 48,650. OceanLight Acquisition has a 52-week low of $9.86 and a 52-week high of $9.94.

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OceanLight Acquisition Company Profile

(Get Free Report)

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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