RF Acquisition Corp II (NASDAQ:RFAI) Sees Significant Growth in Short Interest

RF Acquisition Corp II (NASDAQ:RFAI) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 21,600 shares, a growth of 1,447.3% from the July 30th total of 1,396 shares. Based on an average trading volume of 68,372 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.0% of the company’s shares are sold short.

RF Acquisition Corp II Stock Performance

RF Acquisition Corp II stock opened at $48.89 on Thursday. The firm has a 50-day moving average price of $14.34 and a 200-day moving average price of $12.14. RF Acquisition Corp II has a 12-month low of $8.94 and a 12-month high of $73.00.

RF Acquisition Corp II (NASDAQ:RFAI) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.01 EPS for the quarter.

Institutional Investors Weigh In On RF Acquisition Corp II

Several hedge funds and other institutional investors have recently modified their holdings of the business. Clear Street Group Inc. boosted its position in RF Acquisition Corp II by 4,466.7% in the 4th quarter. Clear Street Group Inc. now owns 9,179 shares of the company’s stock valued at $99,000 after buying an additional 8,978 shares during the period. Susquehanna International Group LLP bought a new stake in shares of RF Acquisition Corp II during the third quarter valued at approximately $132,000. Finally, Shaolin Capital Management LLC purchased a new stake in shares of RF Acquisition Corp II in the third quarter valued at approximately $940,000.

Analyst Ratings Changes

Separately, Weiss Ratings lowered RF Acquisition Corp II from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About RF Acquisition Corp II

RF Acquisition Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 5, 2024, and is headquartered in Singapore.