RF Acquisition Corp III (NASDAQ:RFAM) Short Interest Down 72.8% in June

RF Acquisition Corp III (NASDAQ:RFAM) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 596 shares, a decrease of 72.8% from the June 15th total of 2,190 shares. Based on an average daily trading volume, of 3,853 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

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

RF Acquisition Corp III Stock Performance

Shares of NASDAQ:RFAM traded down $0.02 during trading hours on Friday, hitting $9.92. The company’s stock had a trading volume of 96,261 shares, compared to its average volume of 15,965. RF Acquisition Corp III has a 52 week low of $9.77 and a 52 week high of $9.98. The company’s fifty day moving average is $9.89.

About RF Acquisition Corp III

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.