Short Interest in RF Acquisition Corp III (NASDAQ:RFAM) Declines By 49.3%

RF Acquisition Corp III (NASDAQ:RFAM) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 538 shares, a decline of 49.3% from the July 30th total of 1,061 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 6,202 shares, the days-to-cover ratio is presently 0.1 days.

RF Acquisition Corp III Price Performance

NASDAQ RFAM opened at $9.99 on Friday. The company has a fifty day moving average of $9.93. RF Acquisition Corp III has a 1 year low of $9.77 and a 1 year high of $10.00.

Wall Street Analyst Weigh In

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

Institutional Trading of RF Acquisition Corp III

An institutional investor recently bought a new stake in RF Acquisition Corp III stock. Harraden Circle Investments LLC purchased a new position in shares of RF Acquisition Corp III (NASDAQ:RFAM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 180,750 shares of the company’s stock, valued at approximately $1,789,000. Harraden Circle Investments LLC owned 1.30% of RF Acquisition Corp III as of its most recent SEC filing.

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.