Oceanhawk Acquisition Corp. (NASDAQ:OHACU) Sees Large Decrease in Short Interest

Oceanhawk Acquisition Corp. (NASDAQ:OHACU) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 15 shares, a decrease of 99.9% from the May 31st total of 25,829 shares. Based on an average trading volume of 50,539 shares, the short-interest ratio is currently 0.0 days.

Oceanhawk Acquisition Stock Performance

Shares of OHACU stock traded down $0.02 during mid-day trading on Thursday, reaching $10.14. 30,671 shares of the company’s stock traded hands, compared to its average volume of 111,363. 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 upgraded Oceanhawk Acquisition to a “hold” rating in a research note 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.