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.
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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
(Get Rating)
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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