QDRO Acquisition Corp. (NASDAQ:QADRU – Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 7 shares, a decline of 99.2% from the June 30th total of 853 shares. Based on an average daily volume of 27 shares, the short-interest ratio is currently 0.3 days.
QDRO Acquisition Stock Performance
Shares of QADRU remained flat at $10.08 on Friday. QDRO Acquisition has a 52 week low of $9.88 and a 52 week high of $10.50. The business has a 50-day moving average of $10.07.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised QDRO Acquisition to a “hold” rating in a research note on Saturday, April 11th.
About QDRO Acquisition
QDRO Acquisition (NASDAQ: QADRU) is a special-purpose acquisition company, commonly known as a blank check company, formed to raise capital through a public offering with the objective of effecting a merger, share exchange, asset acquisition, reorganization or similar business combination. Its primary business activity is to identify and consummate a transaction that will result in a combined operating company; until a business combination is completed, the company’s activities are typically limited to organizational matters, selecting targets and managing the proceeds of its offering.
Like other vehicles of its type, QDRO Acquisition raises capital by issuing units in a public market offering and holds the proceeds in a trust account pending completion of a qualifying business combination.
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