Research Alliance Corporation IV (NASDAQ:RACD) Stock Short Interest Report for October

Research Alliance Corporation IV (NASDAQ:RACD) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 2,208 shares, an increase of 1,222.2% from the October 15th total of 167 shares. Based on an average daily trading volume, of 13,690 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Research Alliance Corporation IV Stock Performance

RACD traded down $0.07 during mid-day trading on Tuesday, reaching $10.37. The stock had a trading volume of 15,192 shares, compared to its average volume of 12,890. The stock has a fifty day moving average price of $11.36. Research Alliance Corporation IV has a 52 week low of $10.00 and a 52 week high of $13.64.

Analysts Set New Price Targets

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

About Research Alliance Corporation IV

Research Alliance Corporation IV (NASDAQ: RACD) is a special purpose acquisition company, commonly known as a blank-check company. Its primary objective is to identify and complete a business combination, such as a merger, acquisition, stock purchase or similar transaction, with one or more operating companies. As a SPAC, Research Alliance Corporation IV does not have established commercial operations, products or services of its own. Until it completes a business combination, its activities generally consist of evaluating potential target companies, conducting due diligence and pursuing transaction-related matters.