Short Interest in K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII) Drops By 42.9%

K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 368 shares, a decrease of 42.9% from the April 15th total of 644 shares. Based on an average daily trading volume, of 11,044 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of K&F GROWTH ACQUISITION CORP. II in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

K&F GROWTH ACQUISITION CORP. II Trading Down 0.1%

Shares of KFII stock traded down $0.01 during trading hours on Friday, hitting $10.50. 65,543 shares of the company’s stock were exchanged, compared to its average volume of 69,953. The firm has a 50 day moving average of $10.45 and a two-hundred day moving average of $10.37. K&F GROWTH ACQUISITION CORP. II has a fifty-two week low of $10.04 and a fifty-two week high of $10.51.

K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII) last announced its earnings results on Friday, March 27th. The company reported $0.07 earnings per share for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. ABC Arbitrage SA acquired a new position in K&F GROWTH ACQUISITION CORP. II in the 4th quarter valued at $258,000. Alyeska Investment Group L.P. acquired a new position in K&F GROWTH ACQUISITION CORP. II in the 3rd quarter valued at $435,000. Clear Street Group Inc. acquired a new position in K&F GROWTH ACQUISITION CORP. II in the 3rd quarter valued at $480,000. Sona Asset Management US LLC acquired a new position in K&F GROWTH ACQUISITION CORP. II in the 1st quarter valued at $1,125,000. Finally, Toronto Dominion Bank raised its stake in K&F GROWTH ACQUISITION CORP. II by 45.6% in the 4th quarter. Toronto Dominion Bank now owns 218,364 shares of the company’s stock valued at $2,258,000 after purchasing an additional 68,364 shares during the last quarter.

About K&F GROWTH ACQUISITION CORP. II

K&F Growth Acquisition Corp. II is a Delaware-incorporated special purpose acquisition company (SPAC) that completed its initial public offering in late 2021. As a blank-check vehicle, the company was formed for the purpose of identifying and consummating a business combination with one or more operating businesses, thereby taking a target company public. It holds the proceeds of its IPO in a trust account pending the completion of a merger, share exchange, asset acquisition, stock purchase, recapitalization or similar business combination.

The sponsor of K&F Growth Acquisition Corp.