Research Alliance Corporation III (NASDAQ:RACC – Get Free Report) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 1,263 shares, a decrease of 49.2% from the June 15th total of 2,485 shares. Based on an average daily trading volume, of 6,261 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.
Research Alliance Corporation III Trading Down 1.4%
Shares of Research Alliance Corporation III stock traded down $0.15 during trading on Wednesday, reaching $11.00. The company’s stock had a trading volume of 11,043 shares, compared to its average volume of 8,252. Research Alliance Corporation III has a one year low of $10.21 and a one year high of $12.38.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Research Alliance Corporation III to a “hold” rating in a research report on Saturday, May 30th.
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