Short Interest in Iron Dome Acquisition I Corp. (NASDAQ:IDACU) Grows By ∞

Iron Dome Acquisition I Corp. (NASDAQ:IDACU) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 8,170 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily trading volume, of 59,972 shares, the short-interest ratio is presently 0.1 days.

Iron Dome Acquisition I Price Performance

Shares of NASDAQ:IDACU traded up $0.02 during trading on Monday, reaching $10.08. The company had a trading volume of 5,603 shares, compared to its average volume of 36,148. Iron Dome Acquisition I has a fifty-two week low of $9.98 and a fifty-two week high of $10.51.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised 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.