Onyx Acquisition Co. I (NASDAQ:ONYX) Sees Significant Decrease in Short Interest

Onyx Acquisition Co. I (NASDAQ:ONYXGet Rating) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 5,800 shares, a decline of 69.9% from the March 31st total of 19,300 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 56,700 shares, the days-to-cover ratio is currently 0.1 days.

Shares of ONYX stock opened at $10.04 on Thursday. The company has a fifty day moving average of $9.98. Onyx Acquisition Co. I has a one year low of $9.81 and a one year high of $10.50.

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new position in Onyx Acquisition Co. I in the fourth quarter worth $991,000. Wolverine Asset Management LLC acquired a new position in Onyx Acquisition Co. I in the fourth quarter worth $2,011,000. MMCAP International Inc. SPC acquired a new position in Onyx Acquisition Co. I in the fourth quarter worth $4,955,000. Fifth Lane Capital LP acquired a new position in Onyx Acquisition Co. I in the fourth quarter worth $347,000. Finally, Taconic Capital Advisors LP acquired a new position in Onyx Acquisition Co. I in the fourth quarter worth $2,969,000.

About Onyx Acquisition Co. I (Get Rating)

Onyx Acquisition Co I intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or similar business combination. It focuses on search for a target business in the 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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