RF Acquisition Corp II (NASDAQ:RFAI) Short Interest Update

RF Acquisition Corp II (NASDAQ:RFAIGet Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 2,263 shares, an increase of 249.8% from the June 30th total of 647 shares. Based on an average daily volume of 1,391 shares, the short-interest ratio is presently 1.6 days. Currently, 0.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on RFAI

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Clear Street Group Inc. boosted its stake in shares of 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 valued at $99,000 after purchasing an additional 8,978 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of RF Acquisition Corp II during the third quarter worth $132,000. Finally, Shaolin Capital Management LLC acquired a new stake in shares of RF Acquisition Corp II during the third quarter worth $940,000.

RF Acquisition Corp II Price Performance

Shares of RF Acquisition Corp II stock traded up $0.01 during midday trading on Monday, reaching $11.09. The company had a trading volume of 1,479 shares, compared to its average volume of 21,536. The stock has a fifty day moving average price of $11.03 and a 200 day moving average price of $10.94. RF Acquisition Corp II has a fifty-two week low of $10.56 and a fifty-two week high of $11.44.

About RF Acquisition Corp II

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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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