Onyx Acquisition Co. I (NASDAQ:ONYX – Get Rating) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 7,700 shares, a drop of 52.8% from the November 30th total of 16,300 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 56,200 shares, the short-interest ratio is presently 0.1 days.
Onyx Acquisition Co. I Stock Performance
Onyx Acquisition Co. I stock remained flat at $10.35 during midday trading on Thursday. The company had a trading volume of 27 shares, compared to its average volume of 70,204. Onyx Acquisition Co. I has a fifty-two week low of $9.87 and a fifty-two week high of $10.50. The firm has a 50 day moving average price of $10.25 and a 200-day moving average price of $10.14.
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Hedge Funds Weigh In On Onyx Acquisition Co. I
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Aristeia Capital LLC lifted its position in Onyx Acquisition Co. I by 111.1% during the second quarter. Aristeia Capital LLC now owns 950,000 shares of the company's stock worth $9,500,000 after acquiring an additional 500,000 shares during the last quarter. Polar Asset Management Partners Inc. raised its position in shares of Onyx Acquisition Co. I by 17.6% in the third quarter. Polar Asset Management Partners Inc. now owns 705,692 shares of the company's stock valued at $7,142,000 after buying an additional 105,692 shares in the last quarter. First Trust Capital Management L.P. raised its position in shares of Onyx Acquisition Co. I by 3.4% in the third quarter. First Trust Capital Management L.P. now owns 219,004 shares of the company's stock valued at $2,216,000 after buying an additional 7,204 shares in the last quarter. Bank of Montreal Can raised its position in shares of Onyx Acquisition Co. I by 18.3% in the third quarter. Bank of Montreal Can now owns 145,029 shares of the company's stock valued at $1,470,000 after buying an additional 22,473 shares in the last quarter. Finally, Shaolin Capital Management LLC raised its position in shares of Onyx Acquisition Co. I by 50.4% in the third quarter. Shaolin Capital Management LLC now owns 376,753 shares of the company's stock valued at $3,813,000 after buying an additional 126,259 shares in the last quarter. Institutional investors own 72.62% of the company's stock.
Onyx Acquisition Co. I Company Profile
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Onyx Acquisition Co I does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on general industrials sectors, such as aerospace and defense, air freight and logistics, airlines, building products, commercial services and supplies, construction and engineering, electrical equipment, industrial conglomerates, machinery, marine, professional services, road and rail, distributors, and transportation infrastructure, as well as the construction technology sector.
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