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

RF Acquisition Corp. (NASDAQ:RFAC) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 11,800 shares, a growth of 594.1% from the January 15th total of 1,700 shares. Based on an average daily volume of 32,900 shares, the short-interest ratio is currently 0.4 days. Currently, 0.8% of the shares of the company are sold short.

RF Acquisition Stock Up 6.2 %

RF Acquisition stock traded up $0.50 during midday trading on Wednesday, reaching $8.60. 29,418 shares of the company traded hands, compared to its average volume of 86,577. RF Acquisition has a 12 month low of $5.00 and a 12 month high of $15.55. The business has a 50 day moving average of $9.99 and a two-hundred day moving average of $10.82.

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.