RF Acquisition Corp. (NASDAQ:RFAC) Short Interest Update

RF Acquisition Corp. (NASDAQ:RFAC) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 600 shares, a growth of 20.0% from the August 31st total of 500 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 10,900 shares, the days-to-cover ratio is presently 0.1 days.

RF Acquisition Stock Performance

Shares of NASDAQ RFAC remained flat at $11.24 during trading on Friday. The firm’s fifty day moving average price is $11.18 and its 200 day moving average price is $11.05. RF Acquisition has a 52-week low of $10.63 and a 52-week high of $11.28.

RF Acquisition (NASDAQ:RFAC) last announced its quarterly earnings results on Wednesday, June 26th. The company reported $0.01 earnings per share for the quarter.

Hedge Funds Weigh In On RF Acquisition

Several institutional investors have recently made changes to their positions in the company. K2 Principal Fund L.P. acquired a new stake in RF Acquisition during the fourth quarter valued at $557,000. Clear Street LLC boosted its stake in shares of RF Acquisition by 3,203.4% during the 4th quarter. Clear Street LLC now owns 54,837 shares of the company’s stock worth $588,000 after acquiring an additional 53,177 shares in the last quarter. Cowen AND Company LLC grew its position in shares of RF Acquisition by 2.4% during the 2nd quarter. Cowen AND Company LLC now owns 157,687 shares of the company’s stock valued at $1,742,000 after acquiring an additional 3,637 shares during the period. Finally, Berkley W R Corp grew its position in shares of RF Acquisition by 49.2% during the 4th quarter. Berkley W R Corp now owns 217,384 shares of the company’s stock valued at $2,333,000 after acquiring an additional 71,722 shares during the period. 36.55% of the stock is 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.