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

RF Acquisition Corp III (NASDAQ:RFAM) was the target of a large increase in short interest in 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 shares of the stock are sold short. Based on an average daily trading volume, of 16,211 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds 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 bought 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 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 1.30% of RF Acquisition Corp III as of its most recent filing with the Securities and Exchange Commission.

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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, RF Acquisition Corp III has a consensus rating of “Sell”.

RF Acquisition Corp III Stock Up 0.1%

Shares of RFAM stock traded up $0.01 on Wednesday, reaching $9.99. 11,812 shares of the stock were exchanged, compared to its average volume of 19,432. RF Acquisition Corp III has a one year low of $9.77 and a one year high of $10.02. The firm’s 50 day moving average price is $9.96.

RF Acquisition Corp III Company Profile