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

RF Acquisition Corp II (NASDAQ:RFAI) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 1,396 shares, a decline of 38.3% from the July 15th total of 2,263 shares. Based on an average daily trading volume, of 24,487 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of RF Acquisition Corp II

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clear Street Group Inc. lifted its holdings 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 purchasing an additional 8,978 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in RF Acquisition Corp II during the 3rd quarter valued at approximately $132,000. Finally, Shaolin Capital Management LLC bought a new stake in shares of RF Acquisition Corp II during the third quarter valued at approximately $940,000.

RF Acquisition Corp II Stock Performance

Shares of RFAI stock opened at $11.19 on Thursday. RF Acquisition Corp II has a one year low of $8.94 and a one year high of $11.44. The company’s fifty day moving average price is $11.01 and its 200-day moving average price is $10.96.

RF Acquisition Corp II (NASDAQ:RFAI) last issued its 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 raised shares of RF Acquisition Corp II from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

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.