Iron Dome Acquisition I Corp. (NASDAQ:IDACU – Get Free Report) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 5,336 shares, a decline of 49.4% from the June 30th total of 10,537 shares. Based on an average trading volume of 14,673 shares, the short-interest ratio is presently 0.4 days.
Iron Dome Acquisition I Trading Up 0.2%
Shares of NASDAQ:IDACU traded up $0.02 on Tuesday, reaching $10.12. 357 shares of the company traded hands, compared to its average volume of 29,584. The business has a 50-day simple moving average of $10.08. Iron Dome Acquisition I has a 52 week low of $9.98 and a 52 week high of $10.51.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Iron Dome Acquisition I to a “hold” rating in a research report on Saturday, May 23rd.
Iron Dome Acquisition I Company Profile
Iron Dome Acquisition I is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. Like other blank-check companies, it does not operate a traditional commercial business itself and is focused on identifying and completing an initial transaction with a target company.
As a SPAC, Iron Dome Acquisition I’s activities are centered on capital raising, evaluating potential acquisition targets, and negotiating a business combination.
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