Research Alliance Corporation III (NASDAQ:RACC – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 9,268 shares, a growth of 633.8% from the June 30th total of 1,263 shares. Based on an average trading volume of 5,901 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.1% of the company’s shares are sold short.
Research Alliance Corporation III Stock Down 0.2%
Shares of Research Alliance Corporation III stock opened at $10.99 on Friday. The business’s fifty day moving average is $10.73. Research Alliance Corporation III has a 12 month low of $10.21 and a 12 month high of $12.86.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Research Alliance Corporation III to a “hold” rating in a report on Saturday, May 30th.
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