Short Interest in 1RT Acquisition Corp. (NASDAQ:ONCHU) Drops By 92.9%

1RT Acquisition Corp. (NASDAQ:ONCHU) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totaling 471 shares, a decline of 92.9% from the March 31st total of 6,677 shares. Based on an average daily volume of 4,719 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On 1RT Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jain Global LLC purchased a new stake in 1RT Acquisition in the 3rd quarter worth $9,381,000. MMCAP International Inc. SPC purchased a new stake in 1RT Acquisition in the 3rd quarter worth $6,330,000. Polar Asset Management Partners Inc. purchased a new stake in 1RT Acquisition in the 3rd quarter worth $5,275,000. Millennium Management LLC purchased a new stake in 1RT Acquisition in the 3rd quarter worth $3,471,000. Finally, Ghisallo Capital Management LLC purchased a new stake in 1RT Acquisition in the 3rd quarter worth $2,622,000.

1RT Acquisition Price Performance

Shares of NASDAQ:ONCHU traded up $0.02 during trading on Friday, hitting $10.29. 2,617 shares of the stock traded hands, compared to its average volume of 6,666. The company has a fifty day moving average price of $10.29 and a two-hundred day moving average price of $10.40. 1RT Acquisition has a 52-week low of $10.20 and a 52-week high of $11.35.

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.