Onyx Acquisition Co. I (NASDAQ:ONYX – Get Rating) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 800 shares, a decline of 33.3% from the February 13th total of 1,200 shares. Based on an average daily trading volume, of 54,300 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Onyx Acquisition Co. I

Hedge funds have recently bought and sold shares of the business. Aristeia Capital LLC lifted its holdings 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 period. Glazer Capital LLC raised its stake in shares of Onyx Acquisition Co. I by 55.8% in the third quarter. Glazer Capital LLC now owns 1,255,996 shares of the company's stock valued at $12,711,000 after buying an additional 449,627 shares during the period. Virtu Financial LLC bought a new stake in shares of Onyx Acquisition Co. I in the third quarter valued at $174,000. Landscape Capital Management L.L.C. raised its stake in shares of Onyx Acquisition Co. I by 186.6% in the third quarter. Landscape Capital Management L.L.C. now owns 81,653 shares of the company's stock valued at $826,000 after buying an additional 53,166 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Onyx Acquisition Co. I by 145.1% in the second quarter. Bank of Montreal Can now owns 122,556 shares of the company's stock valued at $1,287,000 after buying an additional 72,556 shares during the period. 72.62% of the stock is currently owned by institutional investors.

Onyx Acquisition Co. I Stock Performance

Onyx Acquisition Co. I stock traded up $0.04 during mid-day trading on Friday, reaching $10.49. 536 shares of the company's stock were exchanged, compared to its average volume of 1,161. The business's fifty day simple moving average is $10.39 and its 200 day simple moving average is $10.26. Onyx Acquisition Co. I has a one year low of $9.93 and a one year high of $11.10.

About Onyx Acquisition Co. I

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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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