Rising Dragon Acquisition Corp. (NASDAQ:RDAC) Sees Significant Increase in Short Interest

Posted by Anthony Miller on Oct 2nd, 2026

Rising Dragon Acquisition Corp. (NASDAQ:RDAC – Get Free Report) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 61,282 shares, a growth of 71.8% from the August 31st total of 35,663 shares. Based on an average daily volume of 2,595,223 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.5% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Rising Dragon Acquisition in a research note on Friday, September 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

View Our Latest Research Report on RDAC

Rising Dragon Acquisition Price Performance

RDAC opened at $5.39 on Friday. The company has a 50-day moving average of $5.91 and a 200-day moving average of $6.37. Rising Dragon Acquisition has a 1-year low of $4.50 and a 1-year high of $23.99.

Rising Dragon Acquisition (NASDAQ:RDAC – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.04 EPS for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Rising Dragon Acquisition stock. Clear Street Group Inc. grew its position in Rising Dragon Acquisition Corp. (NASDAQ:RDAC – Free Report) by 281.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,305 shares of the company’s stock after acquiring an additional 23,842 shares during the quarter. Clear Street Group Inc. owned approximately 0.43% of Rising Dragon Acquisition worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

About Rising Dragon Acquisition

(Get Free Report)

Rising Dragon Acquisition Corp. (NASDAQ: RDAC) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Unlike an operating business, the company does not manufacture products or provide services directly.

Its activities primarily involve evaluating potential merger or acquisition targets, negotiating a transaction and completing the business combination. The company’s future business operations will depend on the company it ultimately acquires.

Publicly available information about Rising Dragon Acquisition Corp.’s target industry, geographic focus and leadership is limited.