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

1RT Acquisition Corp. (NASDAQ:ONCHU) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,997 shares, an increase of 44.8% from the November 30th total of 2,760 shares. Based on an average daily volume of 15,110 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 15,110 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of 1RT Acquisition

A number of hedge funds have recently bought and sold shares of the business. PenderFund Capital Management Ltd. bought a new position in 1RT Acquisition in the 3rd quarter valued at $52,000. Readystate Asset Management LP bought a new stake in shares of 1RT Acquisition during the 3rd quarter worth $105,000. Syquant Capital Sas purchased a new position in shares of 1RT Acquisition in the 3rd quarter worth about $105,000. MASO CAPITAL PARTNERS Ltd bought a new position in 1RT Acquisition during the third quarter valued at about $106,000. Finally, Bulldog Investors LLP purchased a new stake in 1RT Acquisition during the third quarter worth about $106,000.

1RT Acquisition Stock Performance

NASDAQ:ONCHU traded up $0.13 on Tuesday, hitting $10.44. The stock had a trading volume of 12,619 shares, compared to its average volume of 54,707. 1RT Acquisition has a 1 year low of $10.20 and a 1 year high of $11.35. The firm’s fifty day simple moving average is $10.50.

About 1RT Acquisition

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.