RF Acquisition Corp. (NASDAQ:RFAC) Short Interest Down 42.9% in December

RF Acquisition Corp. (NASDAQ:RFAC) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 400 shares, a drop of 42.9% from the November 30th total of 700 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 2.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of RF Acquisition

A hedge fund recently raised its stake in RF Acquisition stock. Cowen AND Company LLC raised its position in shares of RF Acquisition Corp. (NASDAQ:RFAC) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,687 shares of the company’s stock after purchasing an additional 3,637 shares during the period. Cowen AND Company LLC owned about 2.71% of RF Acquisition worth $1,742,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 36.55% of the company’s stock.

RF Acquisition Price Performance

RF Acquisition stock opened at $11.47 on Friday. The firm has a 50-day moving average of $11.41 and a two-hundred day moving average of $11.24. RF Acquisition has a 1 year low of $10.73 and a 1 year high of $11.47.

About RF Acquisition

RF Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in financial services, media, technology, retail, interpersonal communication, transportation, and education sectors.