RF Acquisition Corp. (NASDAQ:RFAC - Get Free Report) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 400 shares, a decrease of 42.9% from the November 30th total of 700 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.0% of the company's stock are short sold.
RF Acquisition Price Performance
NASDAQ:RFAC remained flat at $11.47 on Friday. The firm's fifty day moving average is $11.41 and its 200-day moving average is $11.24. RF Acquisition has a 1 year low of $10.73 and a 1 year high of $11.47.
Hedge Funds Weigh In On RF Acquisition
A hedge fund recently raised its stake in RF Acquisition stock. Cowen AND Company LLC raised its stake in shares of RF Acquisition Corp. (NASDAQ:RFAC - Free Report) by 2.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 157,687 shares of the company's stock after acquiring an additional 3,637 shares during the period. Cowen AND Company LLC owned approximately 2.71% of RF Acquisition worth $1,742,000 as of its most recent SEC filing. 36.55% of the stock is owned by institutional investors and hedge funds.
RF Acquisition Company Profile
(
Get Free Report)
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.
Further Reading
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