RF Acquisition Corp III (NASDAQ:RFAMU – Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 3,912 shares. Based on an average daily volume of 1,072 shares, the short-interest ratio is presently 3.6 days.
RF Acquisition Corp III Stock Performance
Shares of RFAMU remained flat at $10.19 during mid-day trading on Wednesday. The stock’s 50-day moving average price is $10.08 and its two-hundred day moving average price is $10.02. RF Acquisition Corp III has a 1-year low of $9.87 and a 1-year high of $10.89.
RF Acquisition Corp III Company Profile
RF Acquisition Corp III is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol RFAMU. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses.
As a blank-check company, RF Acquisition Corp III does not have significant ongoing operating activities, products, or services of its own. Its primary activities involve evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.
Publicly available information about the company’s specific target industries, geographic focus, and leadership is limited.
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