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

RF Acquisition Corp III (NASDAQ:RFAM) was the recipient of a large decrease in short interest in 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. Based on an average daily volume of 6,202 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

RF Acquisition Corp III Stock Performance

Shares of NASDAQ:RFAM remained flat at $9.99 during trading on Friday. The stock had a trading volume of 1,128 shares, compared to its average volume of 14,187. RF Acquisition Corp III has a 1 year low of $9.77 and a 1 year high of $10.00. The company’s 50 day simple moving average is $9.93.

Institutional Investors Weigh In On RF Acquisition Corp III

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of 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, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.