Short Interest in Iron Dome Acquisition I Corp. (NASDAQ:IDACU) Declines By 97.0%

Iron Dome Acquisition I Corp. (NASDAQ:IDACU) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 160 shares, a decline of 97.0% from the July 15th total of 5,336 shares. Based on an average trading volume of 636 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

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

Iron Dome Acquisition I Stock Performance

Shares of IDACU traded up $0.39 during trading hours on Thursday, hitting $10.50. 722 shares of the company were exchanged, compared to its average volume of 25,259. The company’s 50 day simple moving average is $10.10. 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.