Short Interest in 1RT Acquisition Corp. (NASDAQ:ONCHU) Declines By 71.0%

1RT Acquisition Corp. (NASDAQ:ONCHU) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 223 shares, a drop 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 currently 0.0 days.

Institutional Investors Weigh In On 1RT Acquisition

Several institutional investors have recently bought and sold shares of ONCHU. JPMorgan Chase & Co. purchased a new stake in 1RT Acquisition during the third quarter worth approximately $524,000. Readystate Asset Management LP acquired a new stake in 1RT Acquisition in the 3rd quarter valued at $105,000. Alberta Investment Management Corp acquired a new stake in 1RT Acquisition in the 3rd quarter valued at $262,000. MMCAP International Inc. SPC acquired a new stake in 1RT Acquisition in the 3rd quarter valued at $6,330,000. Finally, Fifth Lane Capital LP acquired a new stake in 1RT Acquisition in the 3rd quarter valued at $524,000.

1RT Acquisition Trading Up 0.1%

Shares of ONCHU traded up $0.01 during trading hours on Friday, hitting $10.33. The stock had a trading volume of 557 shares, compared to its average volume of 7,009. The company’s fifty day simple moving average is $10.30 and its 200 day simple moving average is $10.35. 1RT Acquisition has a 12-month low of $10.20 and a 12-month high of $11.35.

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.