RF Acquisition Corp III (NASDAQ:RFAM) Sees Large Increase in Short Interest

RF Acquisition Corp III (NASDAQ:RFAM) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,316 shares, an increase of 60.5% from the August 31st total of 820 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 16,211 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of RF Acquisition Corp III

A hedge fund recently bought a new stake in RF Acquisition Corp III stock. Harraden Circle Investments LLC bought a new position in RF Acquisition Corp III (NASDAQ:RFAM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 180,750 shares of the company’s stock, valued at approximately $1,789,000. Harraden Circle Investments LLC owned approximately 1.30% of RF Acquisition Corp III at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of RF Acquisition Corp III from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

RF Acquisition Corp III Price Performance

RF Acquisition Corp III stock traded up $0.01 during mid-day trading on Wednesday, hitting $9.99. 11,812 shares of the company were exchanged, compared to its average volume of 19,432. The business has a fifty day moving average of $9.96. RF Acquisition Corp III has a 1-year low of $9.77 and a 1-year high of $10.02.

RF Acquisition Corp III Company Profile