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

RF Acquisition Corp. (NASDAQ:RFAC) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 700 shares, a decrease of 22.2% from the November 15th total of 900 shares. Based on an average trading volume of 7,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

RF Acquisition Stock Performance

RF Acquisition stock remained flat at $11.47 during mid-day trading on Friday. RF Acquisition has a fifty-two week low of $10.68 and a fifty-two week high of $11.47. The stock has a 50 day moving average of $11.37 and a 200-day moving average of $11.22.

Institutional Trading of RF Acquisition

An institutional investor recently raised its position in RF Acquisition stock. Cowen AND Company LLC grew 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 Form 13F 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 approximately 2.71% of RF Acquisition worth $1,742,000 at the end of the most recent reporting period. Institutional investors own 36.55% of the company’s stock.

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.