Short Interest in RF Acquisition Corp II (NASDAQ:RFAI) Decreases By 38.3%

RF Acquisition Corp II (NASDAQ:RFAI) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,396 shares, a decline of 38.3% from the July 15th total of 2,263 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 24,487 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of RF Acquisition Corp II

Several institutional investors have recently modified their holdings of the company. Clear Street Group Inc. raised its position in RF Acquisition Corp II by 4,466.7% in the fourth 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. Susquehanna International Group LLP bought a new position in shares of RF Acquisition Corp II during the 3rd quarter valued at about $132,000. Finally, Shaolin Capital Management LLC bought a new position in shares of RF Acquisition Corp II during the 3rd quarter valued at about $940,000.

RF Acquisition Corp II Stock Performance

RFAI stock traded up $0.88 during trading on Tuesday, hitting $10.17. The company had a trading volume of 12,707 shares, compared to its average volume of 26,423. The business has a 50 day moving average of $11.02 and a 200 day moving average of $10.96. RF Acquisition Corp II has a fifty-two week low of $8.94 and a fifty-two week high of $11.44.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded RF Acquisition Corp II from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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.