Research Alliance Corporation IV (NASDAQ:RACD) Sees Large Increase in Short Interest

Research Alliance Corporation IV (NASDAQ:RACD – Get Free Report) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 2,208 shares, a growth of 1,222.2% from the October 15th total of 167 shares. Based on an average trading volume of 13,690 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

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

View Our Latest Stock Report on RACD

Research Alliance Corporation IV Stock Performance

NASDAQ:RACD opened at $10.37 on Wednesday. Research Alliance Corporation IV has a 52 week low of $10.00 and a 52 week high of $13.64. The company has a fifty day moving average price of $11.36.

About Research Alliance Corporation IV

(Get Free Report)

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.

Further Reading

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