Short Interest in RF Acquisition Corp. (NASDAQ:RFAC) Expands By 800.0%

RF Acquisition Corp. (NASDAQ:RFAC) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 900 shares, an increase of 800.0% from the October 31st total of 100 shares. Based on an average daily trading volume, of 8,400 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

RF Acquisition Price Performance

Shares of RFAC remained flat at $11.46 during mid-day trading on Wednesday. The stock had a trading volume of 102 shares, compared to its average volume of 14,441. RF Acquisition has a 1-year low of $10.68 and a 1-year high of $11.46. The business has a fifty day moving average of $11.30 and a 200-day moving average of $11.17.

Institutional Investors Weigh In On RF Acquisition

A hedge fund recently raised its stake in RF Acquisition stock. Cowen AND Company LLC increased its stake in shares of RF Acquisition Corp. (NASDAQ:RFAC) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 157,687 shares of the company’s stock after buying 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 and Exchange Commission. Hedge funds and other institutional investors own 36.55% of the company’s stock.

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.