Short Interest in 1RT Acquisition Corp. (NASDAQ:ONCHU) Drops By 92.9%

1RT Acquisition Corp. (NASDAQ:ONCHU) saw a large decline in short interest in April. As of April 15th, there was short interest totaling 471 shares, a decline of 92.9% from the March 31st total of 6,677 shares. Based on an average trading volume of 4,719 shares, the days-to-cover ratio is presently 0.1 days.

1RT Acquisition Price Performance

NASDAQ ONCHU traded up $0.02 on Friday, hitting $10.29. The company had a trading volume of 2,617 shares, compared to its average volume of 6,666. The company’s fifty day moving average price is $10.29 and its 200-day moving average price is $10.40. 1RT Acquisition has a 12-month low of $10.20 and a 12-month high of $11.35.

Institutional Investors Weigh In On 1RT Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. DLD Asset Management LP acquired a new stake in 1RT Acquisition during the 3rd quarter worth $897,000. JPMorgan Chase & Co. acquired a new stake in 1RT Acquisition during the 3rd quarter worth $524,000. Fifth Lane Capital LP acquired a new stake in 1RT Acquisition during the 3rd quarter worth $524,000. Ghisallo Capital Management LLC acquired a new stake in 1RT Acquisition during the 3rd quarter worth $2,622,000. Finally, MMCAP International Inc. SPC acquired a new position in shares of 1RT Acquisition during the 3rd quarter valued at about $6,330,000.

1RT Acquisition Company Profile

We are a blank check company incorporated on December 13, 2024 as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.