Short Interest in RF Acquisition Corp. (NASDAQ:RFAC) Drops By 22.2%

RF Acquisition Corp. (NASDAQ:RFAC) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 700 shares, a decrease of 22.2% from the November 15th total of 900 shares. Based on an average trading volume of 7,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

RF Acquisition Stock Performance

RF Acquisition stock remained flat at $11.47 during midday trading on Friday. RF Acquisition has a fifty-two week low of $10.68 and a fifty-two week high of $11.47. The business has a fifty day simple moving average of $11.37 and a two-hundred day simple moving average of $11.22.

Institutional Trading of RF Acquisition

A hedge fund recently raised its stake in RF Acquisition stock. Cowen AND Company LLC grew its stake in shares of RF Acquisition Corp. (NASDAQ:RFAC) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 about 2.71% of RF Acquisition worth $1,742,000 at the end of the most recent reporting period. Institutional investors own 36.55% of the company’s stock.

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.