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

RF Acquisition Corp. (NASDAQ:RFAC - Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 100 shares, a decrease of 83.3% from the September 15th total of 600 shares. Based on an average daily trading volume, of 9,800 shares, the days-to-cover ratio is currently 0.0 days.

RF Acquisition Stock Performance

NASDAQ:RFAC remained flat at $11.20 during midday trading on Thursday. RF Acquisition has a one year low of $10.64 and a one year high of $11.28. The business's 50 day simple moving average is $11.20 and its two-hundred day simple moving average is $11.07.

Institutional Investors Weigh In On RF Acquisition

A number of institutional investors have recently added to or reduced their stakes in the stock. Berkley W R Corp raised its holdings in shares of RF Acquisition by 49.2% during the 4th quarter. Berkley W R Corp now owns 217,384 shares of the company's stock worth $2,333,000 after acquiring an additional 71,722 shares during the period. Cowen AND Company LLC raised its holdings in shares of RF Acquisition by 2.4% during the 2nd quarter. Cowen AND Company LLC now owns 157,687 shares of the company's stock worth $1,742,000 after acquiring an additional 3,637 shares during the period. Clear Street LLC raised its holdings in shares of RF Acquisition by 3,203.4% during the 4th quarter. Clear Street LLC now owns 54,837 shares of the company's stock worth $588,000 after acquiring an additional 53,177 shares during the period. Finally, K2 Principal Fund L.P. purchased a new position in shares of RF Acquisition during the 4th quarter worth $557,000. Institutional investors and hedge funds 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.

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