RF Acquisition Corp. (NASDAQ:RFAC – Get Rating) was the target of a significant decrease in short interest during the month of 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. Approximately 0.0% of the company's shares are short sold. Based on an average trading volume of 12,500 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Trading of RF Acquisition
A number of institutional investors have recently bought and sold shares of the company. Shaolin Capital Management LLC bought a new stake in RF Acquisition during the third quarter valued at $9,130,000. Polar Asset Management Partners Inc. boosted its position in shares of RF Acquisition by 56.8% during the 3rd 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. boosted its position in shares of RF Acquisition by 4.0% during the 3rd 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 bought a new position in shares of RF Acquisition during the 2nd quarter worth about $5,556,000. Finally, Wolverine Asset Management LLC bought a new position in shares of RF Acquisition during the 2nd quarter worth about $5,327,000. Institutional investors own 77.16% of the company's stock.
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RF Acquisition Stock Performance
RFAC traded up $0.02 during trading on Thursday, reaching $10.18. 311,712 shares of the stock traded hands, compared to its average volume of 127,902. The stock's 50-day moving average is $10.06 and its 200 day moving average is $9.96. RF Acquisition has a 12 month low of $9.80 and a 12 month high of $10.18.
RF Acquisition Company Profile
(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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