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

RF Acquisition Corp. (NASDAQ:RFAC) saw a significant growth in short interest during 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. Based on an average trading volume of 10,900 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On RF Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Berkley W R Corp raised its position in shares of RF Acquisition by 49.2% in the 4th quarter. Berkley W R Corp now owns 217,384 shares of the company’s stock valued at $2,333,000 after purchasing an additional 71,722 shares during the last quarter. Clear Street LLC raised its holdings in shares of RF Acquisition by 3,203.4% in the fourth quarter. Clear Street LLC now owns 54,837 shares of the company’s stock worth $588,000 after buying an additional 53,177 shares during the last quarter. Cowen AND Company LLC lifted its stake in shares of RF Acquisition by 2.4% during the second quarter. Cowen AND Company LLC now owns 157,687 shares of the company’s stock worth $1,742,000 after buying an additional 3,637 shares during the period. Finally, K2 Principal Fund L.P. acquired a new stake in shares of RF Acquisition during the fourth quarter worth $557,000. 36.55% of the stock is currently owned by hedge funds and other institutional investors.

RF Acquisition Price Performance

RFAC remained flat at $11.24 during trading on Friday. The stock’s fifty day simple moving average is $11.18 and its 200-day simple moving average 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 posted its quarterly earnings data on Wednesday, June 26th. The company reported $0.01 earnings per share for the quarter.

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.