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

Iron Dome Acquisition I Corp. (NASDAQ:IDAC) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 448 shares, a decrease of 48.8% from the September 30th total of 875 shares. Based on an average trading volume of 29,715 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on Iron Dome Acquisition I in a report on Monday, September 28th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Iron Dome Acquisition I has a consensus rating of “Sell”.

Iron Dome Acquisition I Trading Up 0.4%

Shares of Iron Dome Acquisition I stock traded up $0.04 during trading hours on Friday, hitting $10.03. The company had a trading volume of 4,326 shares, compared to its average volume of 26,895. Iron Dome Acquisition I has a twelve month low of $9.90 and a twelve month high of $10.05. The company’s 50-day moving average price is $10.02.

About Iron Dome Acquisition I

Iron Dome Acquisition I Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol IDAC. The company was formed to identify and complete a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more operating companies.

As a blank-check company, Iron Dome Acquisition I did not conduct a substantive operating business or offer products and services to customers before completing a business combination. Its activities primarily involved raising capital through a public offering and evaluating potential acquisition targets.

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