RF Acquisition Corp III (NASDAQ:RFAMU) Short Interest Down 49.1% in April

RF Acquisition Corp III (NASDAQ:RFAMU) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 83 shares, a drop of 49.1% from the April 15th total of 163 shares. Based on an average daily trading volume, of 2,951 shares, the short-interest ratio is presently 0.0 days.

RF Acquisition Corp III Stock Performance

Shares of RF Acquisition Corp III stock remained flat at $9.97 on Friday. The company had a trading volume of 35,721 shares, compared to its average volume of 25,003. The firm’s 50 day simple moving average is $9.94. RF Acquisition Corp III has a 52 week low of $9.90 and a 52 week high of $9.99.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of RF Acquisition Corp III to a “hold” rating in a research report on Saturday, February 28th.

About RF Acquisition Corp III

RF Acquisition Corp III is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to pursue one or more business combinations. The company’s units are listed on the Nasdaq under the ticker RFAMU. As a blank-check vehicle, RF Acquisition Corp III does not operate a traditional commercial business but instead exists to identify, evaluate and consummate a merger, acquisition, or similar business combination with a target company.

The principal activity of the company is sourcing and completing an acquisition or combination that will result in a publicly traded operating company.