Research Alliance Corporation III (NASDAQ:RACC – Get Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 2,485 shares, an increase of 1,740.7% from the May 31st total of 135 shares. Based on an average trading volume of 3,928 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are sold short.
Research Alliance Corporation III Price Performance
Shares of RACC traded up $0.01 during mid-day trading on Thursday, hitting $10.55. The company’s stock had a trading volume of 3,825 shares, compared to its average volume of 9,301. Research Alliance Corporation III has a 1-year low of $10.21 and a 1-year high of $11.10.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Research Alliance Corporation III to a “hold” rating in a report on Saturday, May 30th.
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