RF Acquisition Corp. (NASDAQ:RFAC – Get Rating) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 2,800 shares, a drop of 55.6% from the August 15th total of 6,300 shares. Based on an average daily volume of 24,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

RF Acquisition Stock Performance

Shares of RFAC stock opened at $9.91 on Friday. The firm has a fifty day simple moving average of $9.89. RF Acquisition has a fifty-two week low of $9.80 and a fifty-two week high of $9.94.

Institutional Investors Weigh In On RF Acquisition

Large investors have recently modified their holdings of the business. Centiva Capital LP bought a new position in shares of RF Acquisition in the 2nd quarter valued at $274,000. Dark Forest Capital Management LP bought a new position in shares of RF Acquisition in the 2nd quarter valued at $49,000. Cubist Systematic Strategies LLC bought a new position in shares of RF Acquisition in the 2nd quarter valued at $5,556,000. Millennium Management LLC bought a new position in RF Acquisition during the 2nd quarter worth $296,000. Finally, Linden Advisors LP bought a new position in RF Acquisition during the 2nd quarter worth $3,698,000. Institutional investors and hedge funds own 64.29% of the company's stock.

About RF Acquisition

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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