Short Interest in Research Alliance Corporation III (NASDAQ:RACC) Rises By 633.8%

Research Alliance Corporation III (NASDAQ:RACC) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 9,268 shares, a growth of 633.8% from the June 30th total of 1,263 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 5,901 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Research Alliance Corporation III to a “hold” rating in a report on Saturday, May 30th.

Research Alliance Corporation III Price Performance

Shares of Research Alliance Corporation III stock traded down $0.03 during trading on Friday, reaching $10.99. The company’s stock had a trading volume of 1,525 shares, compared to its average volume of 8,308. Research Alliance Corporation III has a 1-year low of $10.21 and a 1-year high of $12.86. The company has a 50-day moving average price of $10.73.