Iron Dome Acquisition I Corp. (NASDAQ:IDACU) Short Interest Up 288.1% in August

Iron Dome Acquisition I Corp. (NASDAQ:IDACU) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 621 shares, an increase of 288.1% from the July 30th total of 160 shares. Based on an average daily volume of 340 shares, the days-to-cover ratio is presently 1.8 days.

Iron Dome Acquisition I Price Performance

IDACU remained flat at $10.10 during trading on Friday. 356 shares of the company’s stock were exchanged, compared to its average volume of 22,409. The business’s 50-day simple moving average is $10.17. Iron Dome Acquisition I has a twelve month low of $9.98 and a twelve month high of $10.51.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Iron Dome Acquisition I to a “hold” rating in a research note 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.