RF Acquisition Corp III (NASDAQ:RFAM) Sees Significant Growth in Short Interest

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

Wall Street Analyst Weigh In

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

RF Acquisition Corp III Price Performance

RFAM stock opened at $9.90 on Monday. The company has a 50-day simple moving average of $9.87. RF Acquisition Corp III has a 12 month low of $9.77 and a 12 month 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.