RF Acquisition Corp. (NASDAQ:RFAC – Get Rating) was the target of a significant decrease in short interest in December. As of December 30th, there was short interest totalling 1,300 shares, a decrease of 70.5% from the December 15th total of 4,400 shares. Based on an average trading volume of 12,500 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's stock are short sold.

Institutional Trading of RF Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dark Forest Capital Management LP purchased a new stake in RF Acquisition in the second quarter worth $49,000. Virtu Financial LLC bought a new position in shares of RF Acquisition in the third quarter worth $266,000. Centiva Capital LP bought a new position in shares of RF Acquisition in the second quarter worth $274,000. Millennium Management LLC bought a new stake in RF Acquisition during the second quarter valued at $296,000. Finally, OTA Financial Group L.P. bought a new stake in RF Acquisition during the third quarter valued at $320,000. 77.16% of the stock is owned by hedge funds and other institutional investors.

RF Acquisition Price Performance

Shares of RF Acquisition stock remained flat at $10.16 on Wednesday. The stock had a trading volume of 101,058 shares, compared to its average volume of 98,810. RF Acquisition has a 12-month low of $9.80 and a 12-month high of $10.16. The stock's 50-day simple moving average is $10.06 and its 200 day simple moving average is $9.96.

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.

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