Iron Dome Acquisition I Corp. (NASDAQ:IDAC) Sees Significant Decline in Short Interest

Iron Dome Acquisition I Corp. (NASDAQ:IDAC) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 1,285 shares, a drop of 57.3% from the August 31st total of 3,011 shares. Based on an average daily trading volume, of 39,399 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of Iron Dome Acquisition I in a report on Monday. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Iron Dome Acquisition I Price Performance

Shares of Iron Dome Acquisition I stock opened at $10.02 on Wednesday. Iron Dome Acquisition I has a 52 week low of $9.90 and a 52 week high of $10.05. The business has a 50 day moving average of $10.01.

About Iron Dome Acquisition I

Iron Dome Acquisition I (NASDAQ: IDAC) is a special purpose acquisition company, or SPAC. The company was formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization or similar business combination with one or more operating businesses.

Unlike an operating company, Iron Dome Acquisition I does not currently appear to manufacture products or provide commercial services of its own. Its activities are focused on identifying a suitable target and completing a proposed transaction, subject to applicable approvals and other conditions.

Publicly available information about the company’s target industries, geographic focus, operating history and leadership is limited.