1RT Acquisition Corp. (NASDAQ:ONCHU – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 380 shares, a growth of 70.4% from the May 31st total of 223 shares. Based on an average daily trading volume, of 4,028 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On 1RT Acquisition
Several hedge funds have recently made changes to their positions in ONCHU. PenderFund Capital Management Ltd. purchased a new stake in shares of 1RT Acquisition during the 3rd quarter worth about $52,000. KRYGER CAPITAL Ltd acquired a new position in 1RT Acquisition during the fourth quarter valued at approximately $105,000. MASO CAPITAL PARTNERS Ltd acquired a new position in 1RT Acquisition during the third quarter valued at approximately $106,000. Bulldog Investors LLP purchased a new stake in 1RT Acquisition during the third quarter worth approximately $106,000. Finally, Sandia Investment Management LP purchased a new stake in 1RT Acquisition during the third quarter worth approximately $106,000.
1RT Acquisition Stock Up 0.2%
ONCHU stock traded up $0.02 during midday trading on Thursday, hitting $10.44. The stock had a trading volume of 1,171 shares, compared to its average volume of 6,754. 1RT Acquisition has a 12-month low of $10.24 and a 12-month high of $11.35. The company’s 50-day moving average price is $10.32 and its 200 day moving average price is $10.33.
About 1RT Acquisition
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.
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