Research Alliance Corporation IV (NASDAQ:RACD – Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 100 shares, a decrease of 99.1% from the July 15th total of 11,383 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 7,496 shares, the short-interest ratio is presently 0.0 days.
Research Alliance Corporation IV Stock Performance
RACD traded up $0.44 during midday trading on Tuesday, reaching $11.95. 552 shares of the company’s stock were exchanged, compared to its average volume of 9,207. Research Alliance Corporation IV has a 1-year low of $10.00 and a 1-year high of $12.25.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Research Alliance Corporation IV to a “hold” rating in a 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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