Short Interest in QDRO Acquisition Corp. (NASDAQ:QADRU) Declines By 99.2%

QDRO Acquisition Corp. (NASDAQ:QADRU) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 7 shares, a drop of 99.2% from the June 30th total of 853 shares. Based on an average daily trading volume, of 27 shares, the short-interest ratio is presently 0.3 days.

QDRO Acquisition Stock Performance

Shares of NASDAQ:QADRU opened at $10.08 on Friday. The company’s fifty day moving average is $10.07. QDRO Acquisition has a one year low of $9.88 and a one year high of $10.50.

Wall Street Analysts Forecast Growth

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

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.