RF Acquisition Corp. (NASDAQ:RFAC) Short Interest Down 42.9% in December

RF Acquisition Corp. (NASDAQ:RFAC) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 400 shares, a drop of 42.9% from the November 30th total of 700 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 2.0 days.

RF Acquisition Stock Performance

Shares of NASDAQ RFAC opened at $11.47 on Friday. RF Acquisition has a 1-year low of $10.73 and a 1-year high of $11.47. The business has a fifty day moving average price of $11.41 and a 200 day moving average price of $11.24.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RF Acquisition stock. Cowen AND Company LLC raised its position in RF Acquisition Corp. (NASDAQ:RFAC) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 filing with the Securities & Exchange Commission. 36.55% of the stock is currently owned by hedge funds and other institutional investors.

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.