RF Acquisition Corp II (NASDAQ:RFAIU) Short Interest Up 105,100.0% in August

RF Acquisition Corp II (NASDAQ:RFAIU) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,052 shares, a growth of 105,100.0% from the August 15th total of 1 shares. Based on an average daily volume of 451 shares, the short-interest ratio is currently 2.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in RF Acquisition Corp II stock. Clear Street Group Inc. boosted its holdings in RF Acquisition Corp II (NASDAQ:RFAIU) by 26.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,372 shares of the company’s stock after acquiring an additional 1,335 shares during the period. Clear Street Group Inc.’s holdings in RF Acquisition Corp II were worth $69,000 at the end of the most recent quarter.

RF Acquisition Corp II Stock Performance

NASDAQ RFAIU remained flat at $47.01 during mid-day trading on Thursday. RF Acquisition Corp II has a one year low of $10.99 and a one year high of $52.94. The firm’s 50 day simple moving average is $21.67 and its 200-day simple moving average is $14.69.

RF Acquisition Corp II Company Profile

RF Acquisition Corp II, incorporated in Delaware in 2021, is a special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker RFAIU. The company 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. As a blank check vehicle, it raises capital through an initial public offering and holds the net proceeds in a trust account until a suitable transaction is identified.

RF Acquisition Corp II does not engage in any commercial operations of its own and has not generated revenues independent of its SPAC structure.