RF Acquisition Corp II (NASDAQ:RFAI – Get 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
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
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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