Onex Co. (OTCMKTS:ONEXF) Sees Large Increase in Short Interest

Onex Co. (OTCMKTS:ONEXF) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 565,100 shares, a growth of 22.2% from the February 13th total of 462,300 shares. Based on an average trading volume of 19,400 shares, the days-to-cover ratio is currently 29.1 days. Approximately 0.8% of the company’s stock are sold short.

Onex Price Performance

Onex stock remained flat at $68.37 during trading on Tuesday. 3,111 shares of the company were exchanged, compared to its average volume of 14,789. Onex has a one year low of $61.24 and a one year high of $85.07. The firm has a 50-day moving average of $75.74 and a 200 day moving average of $75.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.86 and a current ratio of 2.86. The stock has a market capitalization of $5.07 billion, a PE ratio of 7.76 and a beta of 1.56.

Onex (OTCMKTS:ONEXF) last issued its quarterly earnings results on Friday, February 21st. The company reported ($0.02) earnings per share (EPS) for the quarter. Onex had a return on equity of 7.94% and a net margin of 68.14%. The firm had revenue of $108.00 million during the quarter.

Onex Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were paid a $0.0721 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a yield of 0.37%. Onex’s dividend payout ratio is currently 6.78%.

Onex Company Profile

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.