Short Interest in Onyx Acquisition Co. I (NASDAQ:ONYX) Drops By 71.4%

Onyx Acquisition Co. I (NASDAQ:ONYX) saw a large decline in short interest in June. As of June 30th, there was short interest totalling 600 shares, a decline of 71.4% from the June 15th total of 2,100 shares. Based on an average daily trading volume, of 3,500 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Onyx Acquisition Co. I Stock Performance

Shares of Onyx Acquisition Co. I stock remained flat at $11.23 during trading on Friday. 112 shares of the stock traded hands, compared to its average volume of 11,955. Onyx Acquisition Co. I has a 1-year low of $10.72 and a 1-year high of $12.00. The business’s fifty day simple moving average is $11.24 and its two-hundred day simple moving average is $11.16.

Insider Transactions at Onyx Acquisition Co. I

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

Institutional Trading of Onyx Acquisition Co. I

Several large investors have recently made changes to their positions in ONYX. Robinson Capital Management LLC bought a new stake in Onyx Acquisition Co. I in the first quarter valued at approximately $59,000. Clear Street LLC raised its position 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 worth $113,000 after purchasing an additional 9,537 shares during the period. Tuttle Capital Management LLC bought a new position in shares of Onyx Acquisition Co. I during the 4th quarter valued at about $220,000. Cowen AND Company LLC acquired a new position in shares of Onyx Acquisition Co. I in the 4th quarter valued at approximately $226,000. Finally, Quarry LP bought a new stake in Onyx Acquisition Co. I during the 4th quarter worth approximately $1,480,000. Institutional investors own 23.34% of the company’s stock.

Onyx Acquisition Co. I Company Profile

Onyx Acquisition Co I does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in general industrials and construction technology sectors. The company was incorporated in 2021 and is based in New York, New York.