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

1RT Acquisition Corp. (NASDAQ:ONCHU) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 223 shares, a decrease of 71.0% from the May 14th total of 770 shares. Based on an average daily trading volume, of 6,694 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Jain Global LLC purchased a new stake in shares of 1RT Acquisition in the third quarter worth about $9,381,000. MMCAP International Inc. SPC purchased a new position in 1RT Acquisition in the third quarter valued at $6,330,000. Polar Asset Management Partners Inc. purchased a new position in 1RT Acquisition in the third quarter valued at $5,275,000. Millennium Management LLC purchased a new position in 1RT Acquisition in the third quarter valued at $3,471,000. Finally, Moore Capital Management LP purchased a new position in 1RT Acquisition in the third quarter valued at $2,638,000.

1RT Acquisition Trading Down 0.1%

NASDAQ:ONCHU traded down $0.01 during mid-day trading on Thursday, hitting $10.31. 407 shares of the company’s stock traded hands, compared to its average volume of 7,073. The company has a fifty day moving average of $10.30 and a 200 day moving average of $10.35. 1RT Acquisition has a twelve month low of $10.20 and a twelve 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.