RF Acquisition Corp. (NASDAQ:RFAC) Sees Large Decline in Short Interest

RF Acquisition Corp. (NASDAQ:RFAC) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 100 shares, a decline of 83.3% from the September 15th total of 600 shares. Based on an average daily trading volume, of 9,800 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On RF Acquisition

Several institutional investors have recently bought and sold shares of RFAC. Berkley W R Corp grew its position in RF Acquisition by 49.2% in the 4th quarter. Berkley W R Corp now owns 217,384 shares of the company’s stock valued at $2,333,000 after acquiring an additional 71,722 shares in the last quarter. Clear Street LLC grew its position in shares of RF Acquisition by 3,203.4% during the fourth quarter. Clear Street LLC now owns 54,837 shares of the company’s stock worth $588,000 after buying an additional 53,177 shares in the last quarter. K2 Principal Fund L.P. acquired a new position in shares of RF Acquisition during the fourth quarter worth about $557,000. Finally, Cowen AND Company LLC grew its position in shares of RF Acquisition by 2.4% during the second quarter. Cowen AND Company LLC now owns 157,687 shares of the company’s stock worth $1,742,000 after buying an additional 3,637 shares in the last quarter. 36.55% of the stock is owned by institutional investors and hedge funds.

RF Acquisition Price Performance

NASDAQ RFAC remained flat at $11.20 during trading on Thursday. The business has a fifty day simple moving average of $11.20 and a 200-day simple moving average of $11.07. RF Acquisition has a 52-week low of $10.64 and a 52-week high of $11.28.

RF Acquisition Company Profile

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.