Research Alliance Corporation III (NASDAQ:RACC – Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 9,268 shares, an increase of 633.8% from the June 30th total of 1,263 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 5,901 shares, the short-interest ratio is presently 1.6 days.
Research Alliance Corporation III Trading Down 0.2%
NASDAQ RACC opened at $10.99 on Friday. Research Alliance Corporation III has a one year low of $10.21 and a one year high of $12.86. The stock’s 50-day simple moving average is $10.73.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Research Alliance Corporation III to a “hold” rating in a research report on Saturday, May 30th.
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