RCF Acquisition Corp. (NYSE:RCFA) Short Interest Update

RCF Acquisition Corp. (NYSE:RCFA – Get Rating) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 1,100 shares, a growth of 175.0% from the April 30th total of 400 shares. Based on an average daily trading volume, of 120,400 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

RCF Acquisition Stock Performance

Shares of RCFA traded up $0.01 during trading hours on Friday, hitting $10.57. 102,449 shares of the company were exchanged, compared to its average volume of 115,775. The firm has a fifty day simple moving average of $10.48 and a 200-day simple moving average of $10.36. RCF Acquisition has a one year low of $9.90 and a one year high of $10.79.

Institutional Trading of RCF Acquisition

A number of hedge funds have recently modified their holdings of the business. Berkley W R Corp raised its holdings in shares of RCF Acquisition by 618.4% during the first quarter. Berkley W R Corp now owns 746,163 shares of the company’s stock worth $7,782,000 after acquiring an additional 642,305 shares in the last quarter. First Trust Capital Management L.P. purchased a new stake in shares of RCF Acquisition during the first quarter worth $5,326,000. Boothbay Fund Management LLC purchased a new stake in shares of RCF Acquisition during the first quarter worth $5,060,000. Bank of Montreal Can purchased a new stake in shares of RCF Acquisition during the third quarter worth $3,310,000. Finally, Picton Mahoney Asset Management raised its holdings in RCF Acquisition by 153.5% during the first quarter. Picton Mahoney Asset Management now owns 507,020 shares of the company’s stock valued at $5,305,000 after buying an additional 307,020 shares in the last quarter. Hedge funds and other institutional investors own 81.98% of the company’s stock.

RCF Acquisition Company Profile

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RCF Acquisition Corp. does not have significant operations. The company focuses to target assets or businesses of scale across the critical minerals value chain that are poised to benefit over the long-term from the substantial market opportunity created by the global energy transition. RCF Acquisition Corp.