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

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

RF Acquisition Corp III Stock Performance

Shares of RFAM stock opened at $9.99 on Friday. The company has a 50 day moving average of $9.93. RF Acquisition Corp III has a twelve month low of $9.77 and a twelve month high of $10.00.

Wall Street Analyst Weigh In

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 MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On RF Acquisition Corp III

An institutional investor recently bought a new stake in RF Acquisition Corp III stock. Harraden Circle Investments LLC bought a new stake in shares of RF Acquisition Corp III (NASDAQ:RFAM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 180,750 shares of the company’s stock, valued at approximately $1,789,000. Harraden Circle Investments LLC owned approximately 1.30% of RF Acquisition Corp III at the end of the most recent quarter.

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.