Onyx Acquisition Co. I (NASDAQ:ONYX) Short Interest Update

Onyx Acquisition Co. I (NASDAQ:ONYX) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,100 shares, a drop of 26.7% from the March 31st total of 1,500 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,900 shares, the short-interest ratio is currently 0.1 days.

Onyx Acquisition Co. I Price Performance

Shares of ONYX remained flat at $11.09 during mid-day trading on Friday. 96 shares of the stock traded hands, compared to its average volume of 13,825. Onyx Acquisition Co. I has a 12 month low of $10.56 and a 12 month high of $12.00. The company has a fifty day moving average of $11.12 and a 200-day moving average of $11.04.

Insider Buying and Selling at Onyx Acquisition Co. I

In other Onyx Acquisition Co. I news, major shareholder Carronade Capital Management, sold 180,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $11.10, for a total value of $1,998,000.00. Following the completion of the sale, the insider now directly owns 814,082 shares in the company, valued at $9,036,310.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 76.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Onyx Acquisition Co. I

Large investors have recently modified their holdings of the stock. Clear Street LLC lifted its holdings in shares of Onyx Acquisition Co. I by 1,241.8% during the fourth quarter. Clear Street LLC now owns 10,305 shares of the company’s stock valued at $113,000 after purchasing an additional 9,537 shares during the last quarter. Tuttle Capital Management LLC boosted its holdings in shares of Onyx Acquisition Co. I by 50.0% in the first quarter. Tuttle Capital Management LLC now owns 30,000 shares of the company’s stock worth $334,000 after buying an additional 10,000 shares during the period. Cowen AND Company LLC purchased a new position in shares of Onyx Acquisition Co. I in the fourth quarter worth approximately $226,000. Quarry LP acquired a new stake in shares of Onyx Acquisition Co. I during the fourth quarter valued at approximately $1,480,000. Finally, Shaolin Capital Management LLC lifted its position in shares of Onyx Acquisition Co. I by 200.0% in the 3rd quarter. Shaolin Capital Management LLC now owns 150,000 shares of the company’s stock valued at $1,629,000 after acquiring an additional 300,000 shares in the last quarter. 23.34% of the stock is owned by institutional investors.

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 construction technology and general industrials.