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

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

1RT Acquisition Trading Down 1.5%

Shares of NASDAQ ONCHU traded down $0.15 during midday trading on Monday, hitting $10.40. The stock had a trading volume of 8,865 shares, compared to its average volume of 6,571. The business’s 50 day moving average is $10.34 and its 200-day moving average is $10.33. 1RT Acquisition has a 52 week low of $10.24 and a 52 week high of $11.35.

Hedge Funds Weigh In On 1RT Acquisition

A number of hedge funds have recently added to or reduced their stakes in the company. Jain Global LLC bought a new position in 1RT Acquisition in the 3rd quarter valued at approximately $9,381,000. Polar Asset Management Partners Inc. purchased a new position in shares of 1RT Acquisition in the third quarter worth $5,275,000. Millennium Management LLC purchased a new position in shares of 1RT Acquisition in the third quarter worth $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 bought a new position in shares of 1RT Acquisition during the third quarter valued at $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.