Research Alliance Corporation IV (NASDAQ:RACD) Shares Shorted: Short Interest Up 1,178.3% in September

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 company’s stock are short sold. Based on an average trading volume of 2,217 shares, the short-interest ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

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 Trading Down 1.2%

Shares of NASDAQ RACD traded down $0.14 during trading on Friday, reaching $11.86. The stock had a trading volume of 17,109 shares, compared to its average volume of 2,634. Research Alliance Corporation IV has a one year low of $10.00 and a one year high of $13.64. The stock has a 50 day simple moving average of $11.70.

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.