Short Interest in RF Acquisition Corp III (NASDAQ:RFAMU) Decreases By 49.1%

RF Acquisition Corp III (NASDAQ:RFAMU) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 83 shares, a drop of 49.1% from the April 15th total of 163 shares. Based on an average daily volume of 2,951 shares, the short-interest ratio is presently 0.0 days.

RF Acquisition Corp III Price Performance

Shares of RFAMU remained flat at $9.97 during trading hours on Friday. The stock had a trading volume of 35,721 shares, compared to its average volume of 25,003. RF Acquisition Corp III has a one year low of $9.90 and a one year high of $9.99. The company’s 50 day simple moving average is $9.94.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised RF Acquisition Corp III to a “hold” rating in a research note on Saturday, February 28th.

About RF Acquisition Corp III

RF Acquisition Corp III is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to pursue one or more business combinations. The company’s units are listed on the Nasdaq under the ticker RFAMU. As a blank-check vehicle, RF Acquisition Corp III does not operate a traditional commercial business but instead exists to identify, evaluate and consummate a merger, acquisition, or similar business combination with a target company.

The principal activity of the company is sourcing and completing an acquisition or combination that will result in a publicly traded operating company.