RF Acquisition Corp III (NASDAQ:RFAM) Short Interest Update

RF Acquisition Corp III (NASDAQ:RFAM) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 1,061 shares, a growth of 49.9% from the July 15th total of 708 shares. Based on an average trading volume of 1,366 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of RF Acquisition Corp III from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, RF Acquisition Corp III currently has a consensus rating of “Sell”.

RF Acquisition Corp III Stock Performance

NASDAQ:RFAM opened at $10.03 on Thursday. The firm’s 50 day moving average price is $9.92. RF Acquisition Corp III has a 52 week low of $9.77 and a 52 week high of $10.00.

About RF Acquisition Corp III

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.