Short Interest in RF Acquisition Corp II (NASDAQ:RFAI) Grows By 1,447.3%

RF Acquisition Corp II (NASDAQ:RFAI) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 21,600 shares, a growth of 1,447.3% from the July 30th total of 1,396 shares. Based on an average daily trading volume, of 68,372 shares, the short-interest ratio is currently 0.3 days. Currently, 1.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of RF Acquisition Corp II from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, RF Acquisition Corp II currently has an average rating of “Sell”.

Hedge Funds Weigh In On RF Acquisition Corp II

Institutional investors have recently bought and sold shares of the company. Shaolin Capital Management LLC acquired a new stake in RF Acquisition Corp II in the third quarter valued at $940,000. Susquehanna International Group LLP purchased a new stake in RF Acquisition Corp II in the third quarter valued at approximately $132,000. Finally, Clear Street Group Inc. boosted 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 purchasing an additional 8,978 shares during the period.

RF Acquisition Corp II Price Performance

Shares of NASDAQ RFAI traded up $0.05 during midday trading on Tuesday, reaching $51.09. 98,583 shares of the stock were exchanged, compared to its average volume of 230,311. RF Acquisition Corp II has a twelve month low of $8.94 and a twelve month high of $73.00. The firm has a 50-day simple moving average of $13.58 and a two-hundred day simple moving average of $11.87.

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