Research Alliance Corporation IV (NASDAQ:RACD) Short Interest Update

Research Alliance Corporation IV (NASDAQ:RACD) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 339 shares, an increase of 239.0% from the July 30th total of 100 shares. Based on an average trading volume of 1,982 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Research Alliance Corporation IV to a “hold” rating in a report on Saturday, July 18th.

Research Alliance Corporation IV Price Performance

Shares of RACD stock traded down $0.26 during trading hours on Friday, reaching $12.75. 831 shares of the company’s stock were exchanged, compared to its average volume of 8,123. Research Alliance Corporation IV has a 1 year low of $10.00 and a 1 year high of $13.64.

Research Alliance Corporation IV Company Profile

Research Alliance Corporation IV is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Research Alliance Corporation IV is based in NEW YORK.