RF Acquisition Corp. (NASDAQ:RFAC – Get Rating) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 1,200 shares, a decline of 36.8% from the November 15th total of 1,900 shares. Based on an average daily trading volume, of 5,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company's stock are sold short.

RF Acquisition Stock Performance

Shares of RFAC stock remained flat at $10.10 on Thursday. RF Acquisition has a 1-year low of $9.80 and a 1-year high of $10.10. The company's 50-day moving average price is $9.97 and its two-hundred day moving average price is $9.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Dark Forest Capital Management LP purchased a new position in shares of RF Acquisition during the second quarter valued at $49,000. Virtu Financial LLC purchased a new position in shares of RF Acquisition during the third quarter valued at $266,000. Centiva Capital LP purchased a new position in shares of RF Acquisition during the second quarter valued at $274,000. Millennium Management LLC purchased a new position in shares of RF Acquisition during the second quarter valued at $296,000. Finally, OTA Financial Group L.P. purchased a new position in shares of RF Acquisition during the third quarter valued at $320,000. Hedge funds and other institutional investors own 64.29% of the company's stock.

RF Acquisition Company Profile

RF Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses in financial services, media, technology, retail, interpersonal communication, transportation, and education sectors.

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