1RT Acquisition Corp. (NASDAQ:ONCHU) Short Interest Up 70.4% in June

1RT Acquisition Corp. (NASDAQ:ONCHU) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 380 shares, an increase of 70.4% from the May 31st total of 223 shares. Based on an average daily trading volume, of 4,028 shares, the days-to-cover ratio is presently 0.1 days.

1RT Acquisition Stock Performance

ONCHU opened at $10.44 on Friday. 1RT Acquisition has a one year low of $10.24 and a one year high of $11.35. The business’s 50 day moving average price is $10.33 and its 200 day moving average price is $10.33.

Hedge Funds Weigh In On 1RT Acquisition

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new position in shares of 1RT Acquisition during the 3rd quarter worth $524,000. Yakira Capital Management Inc. acquired a new stake in shares of 1RT Acquisition during the 3rd quarter worth about $264,000. DLD Asset Management LP purchased a new stake in 1RT Acquisition in the 3rd quarter valued at about $897,000. Magnetar Financial LLC purchased a new stake in 1RT Acquisition in the 3rd quarter valued at about $1,049,000. Finally, Scoggin Management LP acquired a new position in 1RT Acquisition in the third quarter valued at about $264,000.

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.