Short Interest in Onex Co. (OTCMKTS:ONEXF) Grows By 33.1%

Onex Co. (OTCMKTS:ONEXF) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 315,200 shares, an increase of 33.1% from the June 30th total of 236,800 shares. Based on an average daily volume of 25,900 shares, the short-interest ratio is presently 12.2 days.

Onex Stock Performance

OTCMKTS:ONEXF traded down $0.57 during trading hours on Monday, reaching $68.76. 2,558 shares of the company’s stock were exchanged, compared to its average volume of 8,924. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 7.02 and a beta of 1.55. The company has a 50-day moving average of $70.09 and a 200 day moving average of $72.46. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.01. Onex has a 1-year low of $54.61 and a 1-year high of $79.40.

Onex (OTCMKTS:ONEXF) last issued its quarterly earnings results on Friday, May 10th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $97.00 million during the quarter. Onex had a net margin of 66.29% and a return on equity of 9.27%.

Onex Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Thursday, July 11th will be paid a $0.073 dividend. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend is Wednesday, July 10th. Onex’s dividend payout ratio (DPR) is presently 2.96%.

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.