RF Acquisition Corp. (NASDAQ:RFACW – Get Rating) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 18,900 shares, a decrease of 16.7% from the February 28th total of 22,700 shares. Based on an average daily trading volume, of 5,100 shares, the days-to-cover ratio is presently 3.7 days.
RF Acquisition Stock Performance
NASDAQ RFACW traded up $0.01 on Friday, reaching $0.03. 84,173 shares of the stock traded hands, compared to its average volume of 15,015. The firm's fifty day simple moving average is $0.02 and its 200 day simple moving average is $0.02. RF Acquisition has a 12 month low of $0.01 and a 12 month high of $0.20.
Get RF Acquisition alerts:Institutional Trading of RF Acquisition
Several hedge funds and other institutional investors have recently modified their holdings of the company. Clear Street LLC grew its position in RF Acquisition by 329.9% during the third quarter. Clear Street LLC now owns 1,016,461 shares of the company's stock worth $39,000 after buying an additional 780,000 shares in the last quarter. Mangrove Partners raised its stake in shares of RF Acquisition by 90.0% in the third quarter. Mangrove Partners now owns 950,100 shares of the company's stock valued at $9,377,000 after acquiring an additional 450,100 shares during the last quarter. Finally, Linden Advisors LP acquired a new stake in shares of RF Acquisition in the second quarter valued at approximately $30,000.
About RF Acquisition
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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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