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

by · The Cerbat Gem

RF Acquisition Corp. (NASDAQ:RFAC – Get Free Report) 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 – Free Report) 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

(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.

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