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

QDRO Acquisition Corp. (NASDAQ:QADRU) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 9,348 shares, a drop of 57.8% from the May 14th total of 22,175 shares. Based on an average daily volume of 27,531 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of QDRO Acquisition to a “hold” rating in a report on Saturday, April 11th.

QDRO Acquisition Stock Up 0.1%

QADRU traded up $0.01 during trading on Friday, hitting $10.01. 3,869 shares of the stock traded hands, compared to its average volume of 61,647. The company has a 50-day moving average price of $9.96. QDRO Acquisition has a 12-month low of $9.88 and a 12-month high of $10.06.

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.