Rising Dragon Acquisition Corp. (NASDAQ:RDAC) Short Interest Update

Rising Dragon Acquisition Corp. (NASDAQ:RDAC) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 7,410 shares, a decline of 14.8% from the February 12th total of 8,697 shares. Based on an average daily volume of 2,298 shares, the days-to-cover ratio is currently 3.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 2,298 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Investors Weigh In On Rising Dragon Acquisition

A number of large investors have recently added to or reduced their stakes in RDAC. Berkley W R Corp boosted its holdings in shares of Rising Dragon Acquisition by 2.2% in the 3rd quarter. Berkley W R Corp now owns 234,708 shares of the company’s stock worth $2,446,000 after purchasing an additional 5,002 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in shares of Rising Dragon Acquisition by 1.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 194,312 shares of the company’s stock valued at $2,023,000 after buying an additional 2,065 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Rising Dragon Acquisition by 147.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 140,300 shares of the company’s stock valued at $1,430,000 after buying an additional 83,700 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Rising Dragon Acquisition in the 3rd quarter worth approximately $520,000. Finally, Clear Street Group Inc. lifted its position in Rising Dragon Acquisition by 281.7% in the 4th quarter. Clear Street Group Inc. now owns 32,305 shares of the company’s stock worth $337,000 after buying an additional 23,842 shares during the last quarter.

Rising Dragon Acquisition Stock Performance

Shares of NASDAQ:RDAC traded down $0.13 on Wednesday, reaching $5.12. 460 shares of the company’s stock were exchanged, compared to its average volume of 2,664. Rising Dragon Acquisition has a twelve month low of $4.59 and a twelve month high of $16.43. The company has a fifty day moving average of $6.41 and a 200-day moving average of $9.00.

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.