Research Alliance Corporation IV (NASDAQ:RACD) Short Interest Up 239.0% in August

Research Alliance Corporation IV (NASDAQ:RACDGet Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 339 shares, an increase of 239.0% from the July 30th total of 100 shares. Based on an average daily volume of 1,982 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Research Alliance Corporation IV Stock Performance

Shares of NASDAQ RACD opened at $12.00 on Friday. Research Alliance Corporation IV has a 1 year low of $10.00 and a 1 year high of $13.64.

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.

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About Research Alliance Corporation IV

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Research Alliance Corporation IV is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Research Alliance Corporation IV is based in NEW YORK.

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