The best answer is to not put yourself in such positions =)
However, assuming you do find yourself face to face with a shark, these tanks can produce an enormous amount of force.
The big question will be how much energy it has. Fortunately, storing energy as compressed air is a thing, so we have a wikipedia page with the required calculations!
$W=P_bV_b\ln\frac{p_a}{p_b} + (p_b-p_a)V_b$
In this case:
- $V_b$, the volume of the tank = $0.011 m^3$, a typical diving tank
- $P_b$, the pressure of the tank = $20 MPa$, roughly 200 atmospheres, or 3000psi
- $P_a$, the atmospheric pressure, $0.1MPa$
Plug these in, and we find roughly 370kJ of energy. That's a lot of energy. It's on par with the kinetic energy of a 55mph car! Respect these tanks.
Now there are two problems to solve here. First is that air tanks are not efficient propulsive devices. They don't have a nozzle. That's why they only blasted through a concrete wall for Mythbusters, instead of doing even more damage. Your character may do well to fashion a nozzle, though I am not sure what from.
The second issue is that the designers of these tanks had a vested interest in this event never ever ever ever ever ever ever ever happening. Scuba divers are not interested in how well their life-supporting tank can turn into a rocket when they're 80ft below the surface. Great effort is taken to prevent this from happening. If you look at all of the videos I've linked showing the damage air cylinders can cause, they all involve the neck breaking. If you just opened the valve up, the amount of thrust you would get is negligible, by design. You really need the neck to break.
You might consider the story involving the main character choosing to go scubadiving with some horribly horribly ill maintained gear. No scuba diver worth their salt would ever use such tanks (and no dive master worth their salt would be willing to fill such a monstrosity with air). But maybe your diver is "special."
Have the shark take a bite at the main character while the main character is inverted, and have the main character dodge to cause the shark to strike the neck of the tank, and crack it. Don't sever it... that'd be too much force on the straps holding the tank to the main character's back. Now no scuba tank in an acceptable state of repair would break this way, but the main character's Macgyvered tank might fall prey to a good shark bite.
As an added bonus, you can now directly reference this event in the story as jumping the shark, which is really what this sort of stunt is.