RF Acquisition Corp III (NASDAQ:RFAM) Sees Significant Increase in Short Interest

RF Acquisition Corp III (NASDAQ:RFAM) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 2,190 shares, a growth of 360.1% from the May 31st total of 476 shares. Based on an average daily volume of 8,883 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

RF Acquisition Corp III Stock Performance

Shares of RFAM traded up $0.01 during mid-day trading on Friday, reaching $9.90. The company’s stock had a trading volume of 1,200 shares, compared to its average volume of 15,996. RF Acquisition Corp III has a 52 week low of $9.77 and a 52 week high of $9.98. The stock’s fifty day moving average price is $9.87.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on RF Acquisition Corp III in a report on Friday, May 29th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

RF Acquisition Corp III Company Profile

RF Acquisition Corp III is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination.