RF Acquisition Corp II (NASDAQ:RFAI) Short Interest Up 249.8% in July

RF Acquisition Corp II (NASDAQ:RFAIGet 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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Shaolin Capital Management LLC purchased a new stake in shares of RF Acquisition Corp II in the 3rd quarter valued at $940,000. Susquehanna International Group LLP acquired a new position in RF Acquisition Corp II during the 3rd quarter worth about $132,000. Finally, Clear Street Group Inc. lifted its stake in RF Acquisition Corp II by 4,466.7% during the 4th quarter. Clear Street Group Inc. now owns 9,179 shares of the company’s stock worth $99,000 after acquiring an additional 8,978 shares in the last quarter.

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

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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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