Rainier Acquisition Corporation (NASDAQ:RNAQ – Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 2,075 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 7,559 shares, the days-to-cover ratio is presently 0.3 days.
Rainier Acquisition Price Performance
NASDAQ RNAQ traded up $0.01 during trading hours on Thursday, reaching $10.03. 1,082 shares of the company’s stock traded hands, compared to its average volume of 4,683. Rainier Acquisition has a 52-week low of $10.00 and a 52-week high of $10.50.
Rainier Acquisition Company Profile
Rainier Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to pursue a business combination with an operating company. Its potential transactions may include a merger, acquisition, stock purchase, reorganization or similar combination.
Unlike an operating business, Rainier Acquisition Corp. does not have a portfolio of products or services for customers. Its principal activities center on identifying and evaluating potential acquisition targets, negotiating a transaction and completing a business combination that could result in the target becoming a publicly traded company.
Publicly available information about Rainier Acquisition Corp.’s specific target industries, geographic markets and leadership is limited.
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