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

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

Iron Dome Acquisition I Trading Down 0.1%

Shares of NASDAQ:IDACU traded down $0.01 on Wednesday, reaching $10.11. 992 shares of the company traded hands, compared to its average volume of 26,373. The business has a 50-day simple moving average of $10.10. Iron Dome Acquisition I has a 52 week low of $9.98 and a 52 week high of $10.51.

Analyst Ratings Changes

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

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.