Research Alliance Corporation IV (NASDAQ:RACD – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 167 shares, a decline of 93.0% from the September 30th total of 2,388 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,713 shares, the days-to-cover ratio is presently 0.1 days.
Research Alliance Corporation IV Trading Down 0.8%
Shares of Research Alliance Corporation IV stock traded down $0.09 during midday trading on Monday, reaching $10.39. 8,730 shares of the company’s stock traded hands, compared to its average volume of 8,240. The firm has a 50 day moving average of $11.81. Research Alliance Corporation IV has a 52 week low of $10.00 and a 52 week high of $13.64.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Research Alliance Corporation IV to a “hold” rating in a report on Saturday, July 18th.
Get Our Latest Research Report on RACD
About Research Alliance Corporation IV
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.
Publicly available information about the company’s target industry, geographic focus and leadership is limited.
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