OneIM Acquisition Corp. (NASDAQ:OIMAU) Sees Large Decline in Short Interest

OneIM Acquisition Corp. (NASDAQ:OIMAU) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 42 shares, a decline of 73.9% from the April 30th total of 161 shares. Based on an average trading volume of 549 shares, the short-interest ratio is presently 0.1 days.

OneIM Acquisition Price Performance

OIMAU traded down $0.03 on Friday, reaching $10.11. The company had a trading volume of 2,103 shares, compared to its average volume of 53,503. OneIM Acquisition has a 1 year low of $10.05 and a 1 year high of $10.96. The stock’s 50-day simple moving average is $10.13.

OneIM Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, 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.