RF Acquisition Corp III (NASDAQ:RFAM) Short Interest Up 360.1% in June

RF Acquisition Corp III (NASDAQ:RFAM) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,190 shares, an increase of 360.1% from the May 31st total of 476 shares. Based on an average daily volume of 8,883 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on shares of RF Acquisition Corp III in a research note on Friday, May 29th. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

RF Acquisition Corp III Price Performance

Shares of NASDAQ:RFAM traded up $0.01 during trading on Friday, reaching $9.90. The stock had a trading volume of 1,200 shares, compared to its average volume of 15,996. The stock has a fifty day moving average of $9.87. RF Acquisition Corp III has a 1-year low of $9.77 and a 1-year high of $9.98.

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.