Research Alliance Corporation III (NASDAQ:RACC – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,485 shares, an increase of 1,740.7% from the May 31st total of 135 shares. Based on an average daily volume of 3,928 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are short sold.
Research Alliance Corporation III Stock Performance
Research Alliance Corporation III stock traded up $0.15 during mid-day trading on Friday, hitting $10.70. The company had a trading volume of 3,825 shares, compared to its average volume of 9,301. Research Alliance Corporation III has a 12-month low of $10.21 and a 12-month high of $11.10.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Research Alliance Corporation III to a “hold” rating in a research report on Saturday, May 30th.
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