Rising Dragon Acquisition Corp. (NASDAQ:RDAC) Short Interest Up 180.7% in July

Posted by George Bondi on Jul 29th, 2026

Rising Dragon Acquisition Corp. (NASDAQ:RDAC – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 15,654 shares, a growth of 180.7% from the June 30th total of 5,576 shares. Based on an average daily trading volume, of 21,658 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Rising Dragon Acquisition

A number of institutional investors have recently added to or reduced their stakes in RDAC. Clear Street Group Inc. lifted its position in shares of Rising Dragon Acquisition by 281.7% in the 4th quarter. Clear Street Group Inc. now owns 32,305 shares of the company’s stock worth $337,000 after acquiring an additional 23,842 shares during the period. JPMorgan Chase & Co. acquired a new stake in Rising Dragon Acquisition during the third quarter worth $520,000. Finally, Goldman Sachs Group Inc. increased its holdings in Rising Dragon Acquisition by 147.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 140,300 shares of the company’s stock valued at $1,430,000 after buying an additional 83,700 shares during the period.

Rising Dragon Acquisition Price Performance

NASDAQ RDAC opened at $6.07 on Wednesday. The stock has a 50-day simple moving average of $6.60 and a 200 day simple moving average of $6.54. Rising Dragon Acquisition has a twelve month low of $4.59 and a twelve month high of $23.99.

Rising Dragon Acquisition (NASDAQ:RDAC – Get Free Report) last released its earnings results on Monday, March 30th. The company reported $0.06 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Rising Dragon Acquisition in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Check Out Our Latest Analysis on RDAC

About Rising Dragon Acquisition

(Get Free Report)

Rising Dragon Acquisition Corp (NASDAQ: RDAC) is a special purpose acquisition company, or SPAC, incorporated in the Cayman Islands in November 2020 to pursue a merger, share exchange, asset acquisition or other business combination. The company held its initial public offering in February 2021, raising funds aimed at financing acquisitions and related transaction expenses.

Rising Dragon Acquisition focuses on identifying high-growth opportunities in Asia, targeting sectors such as technology, media, telecommunications, healthcare and consumer products.