Iron Dome Acquisition I Corp. (NASDAQ:IDACU) Short Interest Up 288.1% in August

Iron Dome Acquisition I Corp. (NASDAQ:IDACU) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 621 shares, an increase of 288.1% from the July 30th total of 160 shares. Based on an average daily trading volume, of 340 shares, the days-to-cover ratio is currently 1.8 days.

Iron Dome Acquisition I Trading Up 4.2%

IDACU stock opened at $10.53 on Thursday. The stock’s 50-day moving average is $10.17. Iron Dome Acquisition I has a 1 year low of $9.98 and a 1 year high of $10.51.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Iron Dome Acquisition I to a “hold” rating in a research report on Saturday, May 23rd.

Iron Dome Acquisition I Company Profile

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.