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

RF Acquisition Corp III (NASDAQ:RFAM) saw a large growth in short interest in the month of 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 shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

RF Acquisition Corp III Stock Performance

Shares of RFAM stock traded down $0.04 during mid-day trading on Tuesday, hitting $9.96. 1,981 shares of the stock traded hands, compared to its average volume of 14,993. RF Acquisition Corp III has a twelve month low of $9.77 and a twelve month high of $10.00. The stock’s 50-day simple moving average is $9.91.

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.