Iron Dome Acquisition I Corp. (NASDAQ:IDAC) Sees Significant Decrease in Short Interest

Iron Dome Acquisition I Corp. (NASDAQ:IDAC) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 448 shares, a decline of 48.8% from the September 30th total of 875 shares. Based on an average daily trading volume, of 29,715 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on shares of Iron Dome Acquisition I in a research note on Monday, September 28th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Iron Dome Acquisition I Stock Up 0.3%

IDAC stock traded up $0.03 during mid-day trading on Monday, reaching $10.02. The company had a trading volume of 4,326 shares, compared to its average volume of 26,895. The stock’s 50 day moving average is $10.02. Iron Dome Acquisition I has a 52 week low of $9.90 and a 52 week high of $10.05.

Iron Dome Acquisition I Company Profile

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.