RF Acquisition Corp. (NASDAQ:RFAC – Get Rating) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,300 shares, a decrease of 70.5% from the December 31st total of 4,400 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 12,500 shares, the short-interest ratio is currently 0.1 days.

RF Acquisition Stock Up 0.2 %

Shares of RFAC traded up $0.02 during trading hours on Monday, reaching $10.16. 1,200 shares of the company traded hands, compared to its average volume of 98,360. The stock's fifty day moving average is $10.05 and its 200 day moving average is $9.95. RF Acquisition has a 1-year low of $9.80 and a 1-year high of $10.16.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Shaolin Capital Management LLC acquired a new position in RF Acquisition in the third quarter worth about $9,130,000. Polar Asset Management Partners Inc. raised its position in RF Acquisition by 56.8% in the third quarter. Polar Asset Management Partners Inc. now owns 744,800 shares of the company's stock worth $7,351,000 after purchasing an additional 269,800 shares in the last quarter. First Trust Capital Management L.P. raised its position in RF Acquisition by 4.0% in the third quarter. First Trust Capital Management L.P. now owns 650,049 shares of the company's stock worth $6,416,000 after purchasing an additional 25,049 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in RF Acquisition in the second quarter worth about $5,556,000. Finally, Wolverine Asset Management LLC acquired a new position in RF Acquisition in the second quarter worth about $5,327,000. Institutional investors and hedge funds own 77.16% of the company's stock.

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.

Recommended Stories

• Get a free copy of the StockNews.com research report on RF Acquisition (RFAC)
• 4 High-Yield Dividend Kings For 2023
• Will 2023 be a Good Year for Goodyear Tire Stock?
• Lululemon Stock, Buying Opportunity on Lowered Guidance?
• Is Delta On Track To Hit A Fresh 52-Week High?
• Should You Add These Warren Buffett Stocks to Your Portfolio?

Receive News & Ratings for RF Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RF Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.