Research Alliance Corporation IV (NASDAQ:RACD) Stock Short Interest Report for October

Research Alliance Corporation IV (NASDAQ:RACD) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 2,208 shares, a growth of 1,222.2% from the October 15th total of 167 shares. Based on an average trading volume of 13,690 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Research Alliance Corporation IV Stock Performance

RACD traded down $0.07 during mid-day trading on Tuesday, hitting $10.37. The stock had a trading volume of 15,192 shares, compared to its average volume of 12,890. The business’s fifty day simple moving average is $11.36. 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 (NASDAQ: RACD) is a special purpose acquisition company, commonly known as a blank-check company. Its primary objective is to identify and complete a business combination, such as a merger, acquisition, stock purchase or similar transaction, with one or more operating companies. As a SPAC, Research Alliance Corporation IV does not have established commercial operations, products or services of its own. Until it completes a business combination, its activities generally consist of evaluating potential target companies, conducting due diligence and pursuing transaction-related matters.