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

RF Acquisition Corp II (NASDAQ:RFAI) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,396 shares, a drop of 38.3% from the July 15th total of 2,263 shares. Approximately 0.0% of the shares of the stock 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

Hedge funds have recently modified their holdings of the business. Shaolin Capital Management LLC acquired a new stake in shares of RF Acquisition Corp II in the third quarter worth $940,000. Susquehanna International Group LLP acquired a new position in RF Acquisition Corp II during the third quarter valued at $132,000. Finally, Clear Street Group Inc. lifted its stake in RF Acquisition Corp II by 4,466.7% in 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 in the last quarter.

RF Acquisition Corp II Stock Performance

Shares of RF Acquisition Corp II stock traded up $0.88 during trading on Tuesday, hitting $10.17. The stock had a trading volume of 12,707 shares, compared to its average volume of 26,423. The stock has a 50 day simple moving average of $11.02 and a 200 day simple moving average of $10.96. RF Acquisition Corp II has a 1 year low of $8.94 and a 1 year high of $11.44.

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

Analyst Ratings Changes

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

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.