1RT Acquisition Corp. (NASDAQ:ONCHW) Sees Significant Growth in Short Interest

1RT Acquisition Corp. (NASDAQ:ONCHW) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 6,318 shares, a growth of 378.6% from the September 30th total of 1,320 shares. Based on an average trading volume of 2,085 shares, the days-to-cover ratio is presently 3.0 days.

1RT Acquisition Trading Down 0.0%

Shares of 1RT Acquisition stock traded down $0.00 during trading on Tuesday, hitting $0.35. 817 shares of the company’s stock were exchanged, compared to its average volume of 9,494. The business has a 50-day simple moving average of $0.43 and a 200-day simple moving average of $0.48. 1RT Acquisition has a 52-week low of $0.35 and a 52-week high of $1.10.

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.