1RT Acquisition Corp. (NASDAQ:ONCHW – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 6,318 shares, an increase of 378.6% from the September 30th total of 1,320 shares. Based on an average daily trading volume, of 2,085 shares, the short-interest ratio is presently 3.0 days.
1RT Acquisition Price Performance
ONCHW remained flat at $0.40 during trading on Thursday. 236 shares of the company’s stock were exchanged, compared to its average volume of 9,401. 1RT Acquisition has a 52-week low of $0.35 and a 52-week high of $1.10. The stock has a 50 day moving average price of $0.43 and a two-hundred day moving average price of $0.48.
1RT Acquisition Company Profile
1RT Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination, such as a merger, stock purchase or similar transaction, with one or more operating businesses. Unlike an operating company, it does not manufacture products or provide services directly while it searches for a suitable target.
The company raised capital through a public offering of securities that include ordinary shares and warrants. Its publicly traded warrants are listed on the Nasdaq under the symbol ONCHW.
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