Research Alliance Corporation III (NASDAQ:RACC) Sees Significant Decrease in Short Interest

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

Wall Street Analyst Weigh In

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

Research Alliance Corporation III Price Performance

Shares of RACC traded down $0.76 during trading hours on Friday, hitting $10.84. The company had a trading volume of 7,465 shares, compared to its average volume of 8,710. The stock has a fifty day moving average price of $10.67. Research Alliance Corporation III has a 12 month low of $10.21 and a 12 month high of $12.86.