Onyx Acquisition Co. I (NASDAQ:ONYX – Get Rating) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 16,300 shares, a growth of 85.2% from the November 15th total of 8,800 shares. Based on an average daily volume of 60,200 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company's stock are sold short.

Onyx Acquisition Co. I Price Performance

Shares of Onyx Acquisition Co. I stock remained flat at $10.28 on Thursday. 60,673 shares of the stock traded hands, compared to its average volume of 84,145. The company has a fifty day simple moving average of $10.21 and a 200-day simple moving average of $10.12. Onyx Acquisition Co. I has a 12 month low of $9.82 and a 12 month high of $10.50.

Institutional Investors Weigh In On Onyx Acquisition Co. I

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in Onyx Acquisition Co. I during the 3rd quarter worth about $174,000. State Street Corp bought a new position in shares of Onyx Acquisition Co. I during the first quarter worth about $202,000. Rivernorth Capital Management LLC acquired a new stake in Onyx Acquisition Co. I in the 1st quarter valued at approximately $274,000. Landscape Capital Management L.L.C. bought a new stake in Onyx Acquisition Co. I in the 1st quarter valued at approximately $284,000. Finally, Basso Capital Management L.P. boosted its position in Onyx Acquisition Co. I by 452.6% during the 1st quarter. Basso Capital Management L.P. now owns 32,142 shares of the company's stock worth $321,000 after acquiring an additional 26,326 shares during the last quarter.

Onyx Acquisition Co. I Company Profile

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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