🔴 Ocean Power Technologies is trading 11.74% down today after its 1-for-30 reverse stock split began

Ocean Power Technologies is trading 11.74% down now at $2.51 after split-adjusted trading began on September 14, 2026.

• The company implemented a 1-for-30 reverse stock split, reducing approximately 270.1 million shares to 9.1 million.
• The action aims to improve its share price and support NYSE American listing compliance.
• It follows a 33.44% decline on September 11 and is driving substantial negative sentiment.