RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 73 shares, a decrease of 61.2% from the April 15th total of 188 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,050 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in RFAI. Radcliffe Capital Management L.P. purchased a new position in shares of RF Acquisition Corp II during the third quarter worth approximately $323,000. Shaolin Capital Management LLC purchased a new position in shares of RF Acquisition Corp II during the third quarter worth approximately $940,000. Berkley W R Corp raised its stake in shares of RF Acquisition Corp II by 24.2% during the third quarter. Berkley W R Corp now owns 937,845 shares of the company’s stock worth $10,072,000 after acquiring an additional 183,030 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of RF Acquisition Corp II during the third quarter worth approximately $132,000. Finally, Clear Street Group Inc. raised its stake 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 worth $99,000 after acquiring an additional 8,978 shares in the last quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of RF Acquisition Corp II in a report on Wednesday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, RF Acquisition Corp II currently has a consensus rating of “Sell”.
RF Acquisition Corp II Trading Up 0.3%
Shares of RFAI stock traded up $0.03 during trading hours on Friday, hitting $10.96. 2,029 shares of the company’s stock were exchanged, compared to its average volume of 1,013. RF Acquisition Corp II has a 12-month low of $10.46 and a 12-month high of $11.44. The business’s 50 day simple moving average is $10.95 and its 200-day simple moving average is $10.84.
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.
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