Research Alliance Corporation IV (NASDAQ:RACD) Short Interest Down 99.1% in July

Research Alliance Corporation IV (NASDAQ:RACDGet Free Report) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 100 shares, a decline of 99.1% from the July 15th total of 11,383 shares. Based on an average daily volume of 7,496 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Research Alliance Corporation IV Stock Performance

Shares of NASDAQ RACD traded up $0.44 during trading on Tuesday, hitting $11.95. 552 shares of the company 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.

Analyst Ratings Changes

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

View Our Latest Stock Report on RACD

Research Alliance Corporation IV Company Profile

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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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