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 drop in short interest in the month of June. As of June 30th, there was short interest totaling 596 shares, a drop of 72.8% from the June 15th total of 2,190 shares. Based on an average trading volume of 3,853 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

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

RF Acquisition Corp III Stock Performance

Shares of NASDAQ:RFAM traded down $0.02 during trading on Friday, reaching $9.92. The stock had a trading volume of 96,261 shares, compared to its average volume of 15,965. RF Acquisition Corp III has a one year low of $9.77 and a one year high of $9.98. The stock has a 50-day moving average of $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.