Research Alliance Corporation IV (NASDAQ:RACD) Stock Short Interest Climbs 1,178.3%

Research Alliance Corporation IV (NASDAQ:RACD) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 2,595 shares, a growth of 1,178.3% from the August 31st total of 203 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,217 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

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

Research Alliance Corporation IV Stock Up 0.2%

RACD stock traded up $0.02 during mid-day trading on Friday, reaching $12.02. 1,099 shares of the company traded hands, compared to its average volume of 4,597. 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 $11.73.

Research Alliance Corporation IV Company Profile

Research Alliance Corporation IV is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its potential transaction could take the form of a merger, share exchange, asset acquisition, reorganization, or similar corporate combination.

As a SPAC, Research Alliance Corporation IV does not currently operate a traditional business and does not appear to offer products or services of its own. Its activities are focused on evaluating potential acquisition targets and completing an initial business combination.

Publicly available information about the company’s target industry, geographic focus, operating history, and leadership is limited.