Iron Dome Acquisition I Corp. (NASDAQ:IDAC) Shares Shorted: Short Interest Down 57.3% in September

Iron Dome Acquisition I Corp. (NASDAQ:IDAC) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 1,285 shares, a decrease of 57.3% from the August 31st total of 3,011 shares. Based on an average daily trading volume, of 39,399 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on Iron Dome Acquisition I in a report on Monday. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Iron Dome Acquisition I Price Performance

NASDAQ:IDAC traded up $0.03 on Tuesday, hitting $10.02. The stock had a trading volume of 429 shares, compared to its average volume of 22,011. The stock has a fifty day moving average price of $10.01. Iron Dome Acquisition I has a 1-year low of $9.90 and a 1-year high of $10.05.

About Iron Dome Acquisition I

Iron Dome Acquisition I (NASDAQ: IDAC) is a special purpose acquisition company, or SPAC. The company was formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization or similar business combination with one or more operating businesses.

Unlike an operating company, Iron Dome Acquisition I does not currently appear to manufacture products or provide commercial services of its own. Its activities are focused on identifying a suitable target and completing a proposed transaction, subject to applicable approvals and other conditions.

Publicly available information about the company’s target industries, geographic focus, operating history and leadership is limited.