Short Interest in RF Acquisition Corp III (NASDAQ:RFAM) Rises By 49.9%

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 daily trading volume, of 1,366 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

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

RF Acquisition Corp III Trading Down 0.4%

NASDAQ RFAM traded down $0.04 on Tuesday, hitting $9.96. The stock had a trading volume of 1,981 shares, compared to its average volume of 14,993. RF Acquisition Corp III has a one year low of $9.77 and a one year high of $10.00. The firm’s 50-day simple moving average is $9.91.

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.