QDRO Acquisition Corp. (NASDAQ:QADRU) Sees Large Drop in Short Interest

QDRO Acquisition Corp. (NASDAQ:QADRU) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 853 shares, a decline of 90.3% from the June 15th total of 8,753 shares. Based on an average daily volume of 2,218 shares, the short-interest ratio is presently 0.4 days.

QDRO Acquisition Price Performance

QADRU remained flat at $10.06 on Friday. QDRO Acquisition has a one year low of $9.88 and a one year high of $10.50. The stock has a 50 day moving average price of $10.05.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded QDRO Acquisition to a “hold” rating in a research note on Saturday, April 11th.

About QDRO Acquisition

QDRO Acquisition (NASDAQ: QADRU) is a special-purpose acquisition company, commonly known as a blank check company, formed to raise capital through a public offering with the objective of effecting a merger, share exchange, asset acquisition, reorganization or similar business combination. Its primary business activity is to identify and consummate a transaction that will result in a combined operating company; until a business combination is completed, the company’s activities are typically limited to organizational matters, selecting targets and managing the proceeds of its offering.

Like other vehicles of its type, QDRO Acquisition raises capital by issuing units in a public market offering and holds the proceeds in a trust account pending completion of a qualifying business combination.