Research Alliance Corporation IV (NASDAQ:RACD) Short Interest Up ∞ in July

Research Alliance Corporation IV (NASDAQ:RACD) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 11,383 shares, a growth of ∞ from the June 30th total of 0 shares. Based on an average daily volume of 73,396 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Research Alliance Corporation IV to a “hold” rating in a research note on Saturday, July 18th.

Research Alliance Corporation IV Stock Down 1.4%

Shares of NASDAQ RACD traded down $0.15 during midday trading on Wednesday, hitting $10.75. 3,697 shares of the company’s stock traded hands, compared to its average volume of 11,600. Research Alliance Corporation IV has a 1 year low of $10.00 and a 1 year high of $11.65.