RF Acquisition Corp III (NASDAQ:RFAM) Sees Significant Increase in Short Interest

RF Acquisition Corp III (NASDAQ:RFAM) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,316 shares, an increase of 60.5% from the August 31st total of 820 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 16,211 shares, the days-to-cover ratio is presently 0.1 days.

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 research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, RF Acquisition Corp III presently has an average rating of “Sell”.

RF Acquisition Corp III Price Performance

Shares of NASDAQ RFAM traded up $0.01 during trading hours on Thursday, hitting $9.99. The company’s stock had a trading volume of 10,301 shares, compared to its average volume of 19,339. RF Acquisition Corp III has a 12 month low of $9.77 and a 12 month high of $10.02. The stock has a 50-day moving average price of $9.96.

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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 second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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.

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