Rising Dragon Acquisition Corp. (NASDAQ:RDAC) Short Interest Update

Rising Dragon Acquisition Corp. (NASDAQ:RDAC) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 15,846 shares, a decline of 31.4% from the December 31st total of 23,113 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 25,003 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 25,003 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rising Dragon Acquisition in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Rising Dragon Acquisition presently has a consensus rating of “Sell”.

Rising Dragon Acquisition Stock Down 2.3%

Shares of NASDAQ RDAC traded down $0.17 during trading hours on Friday, reaching $7.25. The stock had a trading volume of 21,112 shares, compared to its average volume of 18,058. The firm has a 50-day moving average of $9.16 and a 200-day moving average of $10.06. Rising Dragon Acquisition has a fifty-two week low of $6.54 and a fifty-two week high of $16.43.

Institutional Trading of Rising Dragon Acquisition

Large investors have recently bought and sold shares of the business. Wolverine Asset Management LLC grew its position in Rising Dragon Acquisition by 1.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 194,312 shares of the company’s stock worth $2,023,000 after purchasing an additional 2,065 shares during the last quarter. Berkley W R Corp boosted its stake in shares of Rising Dragon Acquisition by 2.2% during the third quarter. Berkley W R Corp now owns 234,708 shares of the company’s stock worth $2,446,000 after buying an additional 5,002 shares during the period. Clear Street Group Inc. purchased a new position in shares of Rising Dragon Acquisition during the third quarter worth about $88,000. JPMorgan Chase & Co. acquired a new position in Rising Dragon Acquisition in the 3rd quarter valued at about $520,000. Finally, Goldman Sachs Group Inc. raised its stake in Rising Dragon Acquisition by 147.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 140,300 shares of the company’s stock valued at $1,430,000 after acquiring an additional 83,700 shares during the last quarter.

Rising Dragon Acquisition Company Profile

Rising Dragon Acquisition Corp (NASDAQ: RDAC) is a special purpose acquisition company, or SPAC, incorporated in the Cayman Islands in November 2020 to pursue a merger, share exchange, asset acquisition or other business combination. The company held its initial public offering in February 2021, raising funds aimed at financing acquisitions and related transaction expenses.

Rising Dragon Acquisition focuses on identifying high-growth opportunities in Asia, targeting sectors such as technology, media, telecommunications, healthcare and consumer products.