Short Interest in Onyx Acquisition Co. I (NASDAQ:ONYX) Drops By 26.7%

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

Insider Activity

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

Institutional Trading of Onyx Acquisition Co. I

A number of hedge funds and other institutional investors have recently made changes to their positions in ONYX. Shaolin Capital Management LLC grew its holdings 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. Quarry LP acquired a new position in Onyx Acquisition Co. I during the fourth quarter valued at approximately $1,480,000. Tuttle Capital Management LLC grew its stake in 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 valued at $334,000 after purchasing an additional 10,000 shares in the last quarter. Cowen AND Company LLC acquired a new position in shares of Onyx Acquisition Co. I during the 4th quarter worth approximately $226,000. Finally, Clear Street LLC increased its position in shares of Onyx Acquisition Co. I by 1,241.8% during the 4th 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 last quarter. 23.34% of the stock is currently owned by institutional investors and hedge funds.

Onyx Acquisition Co. I Stock Performance

Onyx Acquisition Co. I stock remained flat at $11.09 during midday trading on Friday. The company had a trading volume of 96 shares, compared to its average volume of 13,825. The company’s fifty day moving average is $11.12 and its two-hundred day moving average is $11.04. Onyx Acquisition Co. I has a 1-year low of $10.56 and a 1-year high of $12.00.

About Onyx Acquisition Co. I

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.