Onex Co. (OTCMKTS:ONEXF) Sees Large Growth in Short Interest

Onex Co. (OTCMKTS:ONEXF - Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,066,500 shares, an increase of 17.2% from the April 30th total of 910,200 shares. Approximately 1.5% of the company's shares are short sold. Based on an average daily volume of 20,100 shares, the days-to-cover ratio is currently 53.1 days.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reissued an "outperform" rating on shares of Onex in a report on Thursday, April 24th.

Onex Trading Up 1.7%

Shares of Onex stock traded up $1.27 during trading hours on Thursday, hitting $76.59. The company's stock had a trading volume of 4,779 shares, compared to its average volume of 22,752. The company has a market capitalization of $5.50 billion, a PE ratio of 8.69 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.86. The stock has a 50 day moving average of $70.19 and a 200 day moving average of $74.40. Onex has a 12 month low of $60.72 and a 12 month high of $85.07.

Onex (OTCMKTS:ONEXF - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported $2.36 earnings per share (EPS) for the quarter. The business had revenue of $211.00 million during the quarter. Onex had a return on equity of 7.94% and a net margin of 68.14%.

Onex Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were issued a $0.0704 dividend. This represents a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, April 10th. Onex's dividend payout ratio (DPR) is presently 4.67%.

Onex Company Profile

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.