RF Acquisition Corp. (NASDAQ:RFAC) Sees Significant Growth in Short Interest

RF Acquisition Corp. (NASDAQ:RFAC) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 900 shares, an increase of 800.0% from the October 31st total of 100 shares. Based on an average trading volume of 8,400 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

RF Acquisition Stock Performance

RFAC remained flat at $11.46 on Thursday. The company had a trading volume of 102 shares, compared to its average volume of 14,441. The stock’s fifty day simple moving average is $11.31 and its two-hundred day simple moving average is $11.18. RF Acquisition has a 12-month low of $10.68 and a 12-month high of $11.46.

Hedge Funds Weigh In On RF Acquisition

An institutional investor recently raised its position in RF Acquisition stock. Cowen AND Company LLC raised its stake in shares of RF Acquisition Corp. (NASDAQ:RFAC) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 157,687 shares of the company’s stock after purchasing an additional 3,637 shares during the quarter. Cowen AND Company LLC owned 2.71% of RF Acquisition worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission. 36.55% of the stock is currently owned by institutional investors and hedge funds.

About RF Acquisition

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.