1RT Acquisition Corp. (NASDAQ:ONCHU) Short Interest Up 305.0% in June

1RT Acquisition Corp. (NASDAQ:ONCHU) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,539 shares, a growth of 305.0% from the June 15th total of 380 shares. Based on an average daily trading volume, of 1,866 shares, the days-to-cover ratio is currently 0.8 days.

1RT Acquisition Stock Down 1.5%

Shares of NASDAQ:ONCHU traded down $0.15 during midday trading on Monday, reaching $10.40. The company’s stock had a trading volume of 8,865 shares, compared to its average volume of 6,571. The firm has a 50 day moving average of $10.34 and a 200-day moving average of $10.33. 1RT Acquisition has a 12-month low of $10.24 and a 12-month high of $11.35.

Institutional Investors Weigh In On 1RT Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jain Global LLC purchased a new position in 1RT Acquisition during the third quarter valued at $9,381,000. Polar Asset Management Partners Inc. purchased a new stake in shares of 1RT Acquisition in the third quarter worth $5,275,000. Millennium Management LLC bought a new position in shares of 1RT Acquisition during the third quarter valued at $3,471,000. Ghisallo Capital Management LLC bought a new position in shares of 1RT Acquisition during the third quarter valued at $2,622,000. Finally, Moore Capital Management LP purchased a new position in shares of 1RT Acquisition in the 3rd quarter worth about $2,638,000.

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.