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 the month of 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 6,202 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in RF Acquisition Corp III stock. Harraden Circle Investments LLC purchased a new stake in shares of RF Acquisition Corp III (NASDAQ:RFAM) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 180,750 shares of the company’s stock, valued at approximately $1,789,000. Harraden Circle Investments LLC owned about 1.30% of RF Acquisition Corp III at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised 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 data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

RF Acquisition Corp III Stock Performance

Shares of RF Acquisition Corp III stock traded down $0.03 during trading on Monday, reaching $9.96. 16,698 shares of the company’s stock were exchanged, compared to its average volume of 14,186. RF Acquisition Corp III has a 1-year low of $9.77 and a 1-year high of $10.00. The company has a 50-day simple moving average of $9.93.

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.