Iron Dome Acquisition I Corp. (NASDAQ:IDACU – Get Free Report) was the target of 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 trading volume of 59,972 shares, the days-to-cover ratio is presently 0.1 days.
Iron Dome Acquisition I Stock Up 0.1%
Shares of NASDAQ:IDACU opened at $10.08 on Tuesday. Iron Dome Acquisition I has a one year low of $9.98 and a one year high of $10.51.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised 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.
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