Ocean Capital Acquisition Corporation (NYSE:OCAC – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 5,208 shares, a growth of 86.1% from the September 15th total of 2,799 shares. Based on an average trading volume of 18,049 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.
Ocean Capital Acquisition Stock Performance
Shares of NYSE OCAC traded up $0.01 during midday trading on Friday, hitting $9.98. 85,006 shares of the stock traded hands, compared to its average volume of 15,808. Ocean Capital Acquisition has a one year low of $9.75 and a one year high of $10.05.
Ocean Capital Acquisition Company Profile
Ocean Capital Acquisition Corp. (NYSE: OCAC) is a special purpose acquisition company (SPAC), also known as a blank-check company. Rather than operating a conventional business that sells products or services, the company was established to identify and complete a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more operating companies.
Ocean Capital Acquisition’s activities have primarily involved raising capital through a public offering, evaluating potential acquisition opportunities, and negotiating a transaction that could provide a privately held business with access to public markets.
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