RF Acquisition Corp II (NASDAQ:RFAI) Sees Significant Increase in Short Interest

RF Acquisition Corp II (NASDAQ:RFAI) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 647 shares, an increase of 588.3% from the June 15th total of 94 shares. Based on an average daily trading volume, of 1,216 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are sold short.

RF Acquisition Corp II Stock Performance

RFAI stock traded up $0.02 during trading on Friday, hitting $11.05. 1,010 shares of the stock traded hands, compared to its average volume of 717. RF Acquisition Corp II has a 1 year low of $10.54 and a 1 year high of $11.44. The firm’s 50 day moving average is $11.00 and its two-hundred day moving average is $10.92.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of RF Acquisition Corp II in a report on Wednesday, May 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RFAI. Clear Street Group Inc. grew its holdings in shares of RF Acquisition Corp II by 4,466.7% during the fourth quarter. Clear Street Group Inc. now owns 9,179 shares of the company’s stock valued at $99,000 after buying an additional 8,978 shares during the last quarter. Susquehanna International Group LLP purchased a new position in RF Acquisition Corp II in the 3rd quarter worth approximately $132,000. Radcliffe Capital Management L.P. bought a new position in RF Acquisition Corp II in the 3rd quarter valued at approximately $323,000. Shaolin Capital Management LLC bought a new position in RF Acquisition Corp II in the 3rd quarter valued at approximately $940,000. Finally, Berkley W R Corp boosted its stake in RF Acquisition Corp II by 24.2% during the 3rd quarter. Berkley W R Corp now owns 937,845 shares of the company’s stock valued at $10,072,000 after purchasing an additional 183,030 shares during the last quarter.

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.