Iron Dome Acquisition I Corp. (NASDAQ:IDACU) Short Interest Down 49.4% in July

Iron Dome Acquisition I Corp. (NASDAQ:IDACU) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 5,336 shares, a decrease of 49.4% from the June 30th total of 10,537 shares. Based on an average daily volume of 14,673 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Iron Dome Acquisition I to a “hold” rating in a research report on Saturday, May 23rd.

Iron Dome Acquisition I Stock Performance

Shares of NASDAQ:IDACU traded down $0.01 during mid-day trading on Thursday, hitting $10.13. 100 shares of the company traded hands, compared to its average volume of 27,590. The stock’s 50 day moving average price is $10.08. Iron Dome Acquisition I has a 52-week low of $9.98 and a 52-week high of $10.51.

About Iron Dome Acquisition I

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.