RF Acquisition Corp. (NASDAQ:RFAC) Short Interest Up 20.0% in September

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

Institutional Investors Weigh In On RF Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. K2 Principal Fund L.P. acquired a new position in shares of RF Acquisition in the 4th quarter valued at $557,000. Clear Street LLC grew its position in 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 purchasing an additional 53,177 shares during the last quarter. Cowen AND Company LLC increased its stake in RF Acquisition by 2.4% in the second quarter. Cowen AND Company LLC now owns 157,687 shares of the company’s stock valued at $1,742,000 after purchasing an additional 3,637 shares during the period. Finally, Berkley W R Corp raised its holdings in shares of RF Acquisition by 49.2% in the fourth quarter. Berkley W R Corp now owns 217,384 shares of the company’s stock valued at $2,333,000 after buying an additional 71,722 shares during the last quarter. Hedge funds and other institutional investors own 36.55% of the company’s stock.

RF Acquisition Stock Up 0.2 %

Shares of RFAC stock opened at $11.24 on Monday. RF Acquisition has a 1 year low of $10.63 and a 1 year high of $11.28. The stock’s 50-day moving average is $11.18 and its two-hundred day moving average is $11.05.

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.