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

Rising Dragon Acquisition Corp. (NASDAQ:RDAC) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 9,118 shares, an increase of 104.3% from the November 30th total of 4,464 shares. Based on an average daily volume of 42,500 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 42,500 shares, the short-interest ratio is presently 0.2 days.

Rising Dragon Acquisition Trading Down 7.8%

Shares of NASDAQ RDAC traded down $0.86 during trading on Monday, reaching $10.11. The stock had a trading volume of 10,792 shares, compared to its average volume of 26,737. Rising Dragon Acquisition has a fifty-two week low of $7.50 and a fifty-two week high of $16.43. The business’s 50-day moving average price is $10.50 and its 200-day moving average price is $10.41.

Institutional Investors Weigh In On Rising Dragon Acquisition

Large investors have recently added to or reduced their stakes in the business. Clear Street Group Inc. purchased a new stake in Rising Dragon Acquisition in the 3rd quarter valued at approximately $88,000. Berkley W R Corp raised its stake in Rising Dragon Acquisition by 2.2% in the 3rd quarter. Berkley W R Corp now owns 234,708 shares of the company’s stock valued at $2,446,000 after purchasing an additional 5,002 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Rising Dragon Acquisition in the 3rd quarter valued at about $520,000. Wolverine Asset Management LLC boosted its stake 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 worth $2,023,000 after purchasing an additional 2,065 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings 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 worth $1,430,000 after buying an additional 83,700 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Rising Dragon Acquisition in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

About Rising Dragon Acquisition

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.