RF Acquisition Corp III (NASDAQ:RFAMU – Get Free Report) was the recipient of a significant 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 volume of 2,951 shares, the days-to-cover ratio is currently 0.0 days.
RF Acquisition Corp III Price Performance
RF Acquisition Corp III stock opened at $9.97 on Monday. RF Acquisition Corp III has a 1 year low of $9.90 and a 1 year high of $9.99. The stock’s 50-day moving average is $9.94.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded 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.
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