Rising Dragon Acquisition Corp. (NASDAQ:RDAC) Short Interest Down 25.5% in February

Rising Dragon Acquisition Corp. (NASDAQ:RDAC) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 8,697 shares, a decline of 25.5% from the January 29th total of 11,680 shares. Based on an average trading volume of 6,958 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 6,958 shares, the days-to-cover ratio is presently 1.2 days.

Hedge Funds Weigh In On Rising Dragon Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clear Street Group Inc. acquired a new stake in Rising Dragon Acquisition in the 3rd quarter valued at approximately $88,000. JPMorgan Chase & Co. bought a new position in shares of Rising Dragon Acquisition in the third quarter worth $520,000. Goldman Sachs Group Inc. raised its stake in shares of Rising Dragon Acquisition by 147.9% during the first quarter. Goldman Sachs Group Inc. now owns 140,300 shares of the company’s stock valued at $1,430,000 after purchasing an additional 83,700 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in Rising Dragon Acquisition by 1.1% in the third 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 period. Finally, Berkley W R Corp acquired a new stake in Rising Dragon Acquisition in the second quarter worth about $2,366,000.

Rising Dragon Acquisition Trading Down 0.4%

NASDAQ:RDAC traded down $0.02 during mid-day trading on Tuesday, hitting $4.98. The stock had a trading volume of 2,104 shares, compared to its average volume of 4,336. The company has a 50 day simple moving average of $7.34 and a 200-day simple moving average of $9.36. Rising Dragon Acquisition has a 52 week low of $4.59 and a 52 week high of $16.43.

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.