K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII) Sees Large Growth in Short Interest

K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,505 shares, an increase of 85.8% from the June 30th total of 810 shares. Based on an average daily volume of 14,422 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Shaolin Capital Management LLC lifted its holdings in shares of K&F GROWTH ACQUISITION CORP. II by 0.5% during the 3rd quarter. Shaolin Capital Management LLC now owns 402,141 shares of the company’s stock worth $4,108,000 after acquiring an additional 2,141 shares during the period. Wolverine Asset Management LLC boosted its holdings in shares of K&F GROWTH ACQUISITION CORP. II by 0.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,198,935 shares of the company’s stock valued at $12,397,000 after acquiring an additional 9,540 shares in the last quarter. Rivernorth Capital Management LLC grew its holdings in shares of K&F GROWTH ACQUISITION CORP. II by 2.0% during the fourth quarter. Rivernorth Capital Management LLC now owns 509,513 shares of the company’s stock worth $5,258,000 after purchasing an additional 9,769 shares during the last quarter. ABC Arbitrage SA bought a new stake in K&F GROWTH ACQUISITION CORP. II during the 4th quarter worth approximately $258,000. Finally, Hudson Bay Capital Management LP grew its stake in shares of K&F GROWTH ACQUISITION CORP. II by 2.0% in the second quarter. Hudson Bay Capital Management LP now owns 1,257,080 shares of the company’s stock worth $12,797,000 after purchasing an additional 25,000 shares during the last quarter.

K&F GROWTH ACQUISITION CORP. II Stock Up 0.0%

KFII stock traded up $0.01 during trading hours on Thursday, hitting $10.61. 106,769 shares of the stock were exchanged, compared to its average volume of 57,225. K&F GROWTH ACQUISITION CORP. II has a 12 month low of $10.16 and a 12 month high of $10.60. The company has a 50-day simple moving average of $10.56 and a two-hundred day simple moving average of $10.47.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of K&F GROWTH ACQUISITION CORP. II in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

K&F GROWTH ACQUISITION CORP. II Company Profile

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.