QDRO Acquisition Corp. (NASDAQ:QADR) Short Interest Update

QDRO Acquisition Corp. (NASDAQ:QADR) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 13,217 shares, a growth of 145.1% from the August 15th total of 5,393 shares. Based on an average daily volume of 6,748 shares, the short-interest ratio is presently 2.0 days. Approximately 0.1% of the shares of the stock are sold short.

QDRO Acquisition Stock Performance

QADR traded up $0.08 on Tuesday, reaching $10.06. 53,450 shares of the company’s stock were exchanged, compared to its average volume of 14,229. The company’s 50 day simple moving average is $9.97. QDRO Acquisition has a twelve month low of $9.85 and a twelve month high of $10.79.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of QDRO Acquisition in a report on Tuesday, August 18th. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, QDRO Acquisition has an average rating of “Sell”.

About QDRO Acquisition

QDRO Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more operating companies. Its potential transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar corporate combination.

Unlike an operating company, QDRO Acquisition Corp. does not appear to have an established portfolio of products or services, manufacturing operations or customer-facing business activities.