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

RF Acquisition Corp II (NASDAQ:RFAI) was the recipient of a significant 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. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 68,372 shares, the days-to-cover ratio is presently 0.3 days.

RF Acquisition Corp II Stock Performance

Shares of RFAI stock traded up $0.05 during mid-day trading on Tuesday, reaching $51.09. The company’s stock had a trading volume of 98,583 shares, compared to its average volume of 230,311. The company’s 50 day simple moving average is $13.58 and its 200-day simple moving average is $11.87. RF Acquisition Corp II has a 12-month low of $8.94 and a 12-month high of $73.00.

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

Analysts Set New Price Targets

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

Institutional Trading of RF Acquisition Corp II

Hedge funds have recently bought and sold shares of the company. Clear Street Group Inc. boosted its position 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 during the period. Susquehanna International Group LLP acquired a new stake in RF Acquisition Corp II during the third quarter valued at approximately $132,000. Finally, Shaolin Capital Management LLC acquired a new stake in shares of RF Acquisition Corp II during the 3rd quarter valued at $940,000.

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.