QDRO Acquisition Corp. (NASDAQ:QADRU) Short Interest Down 57.8% in May

QDRO Acquisition Corp. (NASDAQ:QADRU) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 9,348 shares, a drop of 57.8% from the May 14th total of 22,175 shares. Based on an average daily trading volume, of 27,531 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded QDRO Acquisition to a “hold” rating in a research report on Saturday, April 11th.

QDRO Acquisition Stock Up 0.1%

NASDAQ QADRU traded up $0.01 during trading hours on Friday, reaching $10.01. 3,869 shares of the stock traded hands, compared to its average volume of 61,647. The firm has a 50 day moving average price of $9.96. QDRO Acquisition has a 1 year low of $9.88 and a 1 year high of $10.06.

QDRO Acquisition Company Profile

QDRO Acquisition (NASDAQ: QADRU) is a special-purpose acquisition company, commonly known as a blank check company, formed to raise capital through a public offering with the objective of effecting a merger, share exchange, asset acquisition, reorganization or similar business combination. Its primary business activity is to identify and consummate a transaction that will result in a combined operating company; until a business combination is completed, the company’s activities are typically limited to organizational matters, selecting targets and managing the proceeds of its offering.

Like other vehicles of its type, QDRO Acquisition raises capital by issuing units in a public market offering and holds the proceeds in a trust account pending completion of a qualifying business combination.