Oaktree Acquisition Corp. (NYSE:OAC) Sees Significant Increase in Short Interest

Oaktree Acquisition Corp. (NYSE:OAC) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 312,100 shares, an increase of 1,274.9% from the September 30th total of 22,700 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 398,700 shares, the short-interest ratio is presently 0.8 days.

NYSE:OAC opened at $10.02 on Thursday. Oaktree Acquisition has a 12 month low of $9.40 and a 12 month high of $12.49.

About Oaktree Acquisition

Oaktree Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the industrial and consumer sectors. The company was founded in 2019 and is based in Los Angeles, California.

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