1RT Acquisition Corp. (NASDAQ:ONCHU) Sees Large Decrease in Short Interest

1RT Acquisition Corp. (NASDAQ:ONCHUGet Free Report) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 223 shares, a decrease of 71.0% from the May 14th total of 770 shares. Based on an average daily trading volume, of 6,694 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On 1RT Acquisition

A number of hedge funds have recently made changes to their positions in the stock. DLD Asset Management LP acquired a new position in 1RT Acquisition during the 3rd quarter valued at about $897,000. JPMorgan Chase & Co. acquired a new position in 1RT Acquisition during the 3rd quarter valued at about $524,000. Jain Global LLC acquired a new position in 1RT Acquisition during the 3rd quarter valued at about $9,381,000. Fifth Lane Capital LP acquired a new position in 1RT Acquisition during the 3rd quarter valued at about $524,000. Finally, Ghisallo Capital Management LLC acquired a new position in 1RT Acquisition during the 3rd quarter valued at about $2,622,000.

1RT Acquisition Trading Down 0.1%

Shares of NASDAQ ONCHU traded down $0.01 during mid-day trading on Thursday, reaching $10.31. 407 shares of the company were exchanged, compared to its average volume of 7,073. 1RT Acquisition has a 1 year low of $10.20 and a 1 year high of $11.35. The firm has a 50-day moving average of $10.30 and a 200 day moving average of $10.35.

1RT Acquisition Company Profile

(Get Free Report)

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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