RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 11,647 shares, a drop of 35.4% from the August 31st total of 18,043 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 20,082 shares, the short-interest ratio is presently 0.6 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of RF Acquisition Corp II from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, RF Acquisition Corp II currently has an average rating of “Sell”.
View Our Latest Report on RF Acquisition Corp II
Institutional Inflows and Outflows
RF Acquisition Corp II Trading Up 3.2%
NASDAQ RFAI traded up $1.22 on Friday, reaching $39.18. 427 shares of the stock traded hands, compared to its average volume of 59,755. RF Acquisition Corp II has a 12 month low of $8.94 and a 12 month high of $73.00. The company has a fifty day moving average price of $28.45 and a 200-day moving average price of $17.14.
RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter.
About RF Acquisition Corp II
RF Acquisition Corp II is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Its potential transactions may include a merger, stock purchase, asset acquisition, reorganization or similar combination.
As a SPAC, RF Acquisition Corp II does not operate a traditional product or service business. Instead, it holds funds raised through its public offering while its management team searches for a suitable target company.
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