Research Alliance Corporation IV (NASDAQ:RACD – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 339 shares, a growth of 239.0% from the July 30th total of 100 shares. Based on an average trading volume of 1,982 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.
Research Alliance Corporation IV Price Performance
Shares of Research Alliance Corporation IV stock opened at $12.94 on Thursday. Research Alliance Corporation IV has a 12 month low of $10.00 and a 12 month high of $13.64.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of Research Alliance Corporation IV to a “hold” rating in a research report on Saturday, July 18th.
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.
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