RF Acquisition Corp III (NASDAQ:RFAMU – Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 3,912 shares. Based on an average trading volume of 1,072 shares, the short-interest ratio is currently 3.6 days.
RF Acquisition Corp III Price Performance
Shares of NASDAQ RFAMU remained flat at $10.19 during mid-day trading on Wednesday. RF Acquisition Corp III has a fifty-two week low of $9.87 and a fifty-two week high of $10.89. The stock has a 50-day simple moving average of $10.08 and a 200 day simple moving average of $10.02.
RF Acquisition Corp III Company Profile
RF Acquisition Corp III is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol RFAMU. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses.
As a blank-check company, RF Acquisition Corp III does not have significant ongoing operating activities, products, or services of its own. Its primary activities involve evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.
Publicly available information about the company’s specific target industries, geographic focus, and leadership is limited.
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