Onex Co. (OTCMKTS:ONEXF) Short Interest Up 17.2% in May

Onex Co. (OTCMKTS:ONEXF - Get Free Report) was the target 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. Based on an average daily volume of 20,100 shares, the short-interest ratio is presently 53.1 days. Currently, 1.5% of the company's shares are short sold.

Wall Street Analyst Weigh In

Separately, Scotiabank restated an "outperform" rating on shares of Onex in a research note on Thursday, April 24th.

Onex Price Performance

Shares of ONEXF stock traded up $1.34 during trading hours on Friday, hitting $77.45. 20,648 shares of the company's stock were exchanged, compared to its average volume of 23,121. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.01. The firm has a market cap of $5.56 billion, a P/E ratio of 8.79 and a beta of 1.32. The firm has a 50 day moving average of $70.54 and a two-hundred day moving average of $74.36. Onex has a fifty-two week low of $60.72 and a fifty-two week high of $85.07.

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

Onex Cuts Dividend

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

About Onex

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.