RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 2,263 shares, a growth of 249.8% from the June 30th total of 647 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,391 shares, the days-to-cover ratio is currently 1.6 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d+)” rating on shares of RF Acquisition Corp II in a report on Wednesday, May 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on RFAI
Institutional Inflows and Outflows
RF Acquisition Corp II Stock Performance
Shares of NASDAQ:RFAI traded up $0.02 during mid-day trading on Friday, reaching $11.09. 30,043 shares of the company were exchanged, compared to its average volume of 12,909. RF Acquisition Corp II has a 1 year low of $10.56 and a 1 year high of $11.44. The firm’s 50-day simple moving average is $11.03 and its 200 day simple moving average is $10.94.
RF Acquisition Corp II Company Profile
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.
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