Research Alliance Corporation III (NASDAQ:RACC) Short Interest Down 49.2% in June

Research Alliance Corporation III (NASDAQ:RACC) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,263 shares, a decline of 49.2% from the June 15th total of 2,485 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 6,261 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Research Alliance Corporation III to a “hold” rating in a report on Saturday, May 30th.

Research Alliance Corporation III Trading Up 3.6%

RACC stock traded up $0.40 during midday trading on Thursday, reaching $11.60. 21,339 shares of the company were exchanged, compared to its average volume of 8,746. Research Alliance Corporation III has a 1-year low of $10.21 and a 1-year high of $12.86. The company’s 50-day moving average price is $10.64.