Iron Dome Acquisition I Corp. (NASDAQ:IDAC – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 448 shares, a drop of 48.8% from the September 30th total of 875 shares. Based on an average daily trading volume, of 29,715 shares, the days-to-cover ratio is currently 0.0 days.
Iron Dome Acquisition I Stock Performance
Shares of NASDAQ IDAC traded up $0.04 during trading hours on Friday, reaching $10.03. The stock had a trading volume of 4,326 shares, compared to its average volume of 26,895. Iron Dome Acquisition I has a 52-week low of $9.90 and a 52-week high of $10.05. The company has a fifty day moving average price of $10.02.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings started coverage on Iron Dome Acquisition I in a research note on Monday, September 28th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.
Read Our Latest Analysis on IDAC
About Iron Dome Acquisition I
Iron Dome Acquisition I Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol IDAC. The company was formed to identify and complete a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more operating companies.
As a blank-check company, Iron Dome Acquisition I did not conduct a substantive operating business or offer products and services to customers before completing a business combination. Its activities primarily involved raising capital through a public offering and evaluating potential acquisition targets.
Publicly available information about the company’s specific target industries, geographic focus and leadership is limited.
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