RF Acquisition Corp II (NASDAQ:RFAIU) Short Interest Up 105,100.0% in August

RF Acquisition Corp II (NASDAQ:RFAIU) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,052 shares, a growth of 105,100.0% from the August 15th total of 1 shares. Based on an average daily trading volume, of 451 shares, the days-to-cover ratio is presently 2.3 days.

RF Acquisition Corp II Price Performance

RF Acquisition Corp II stock opened at $47.01 on Friday. The firm has a fifty day moving average price of $22.39 and a two-hundred day moving average price of $14.94. RF Acquisition Corp II has a fifty-two week low of $10.99 and a fifty-two week high of $52.94.

Hedge Funds Weigh In On RF Acquisition Corp II

A hedge fund recently raised its stake in RF Acquisition Corp II stock. Clear Street Group Inc. grew its stake in shares of RF Acquisition Corp II (NASDAQ:RFAIU) by 26.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,372 shares of the company’s stock after buying an additional 1,335 shares during the period. Clear Street Group Inc.’s holdings in RF Acquisition Corp II were worth $69,000 as of its most recent filing with the SEC.

About RF Acquisition Corp II

RF Acquisition Corp II, incorporated in Delaware in 2021, is a special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker RFAIU. The company 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. As a blank check vehicle, it raises capital through an initial public offering and holds the net proceeds in a trust account until a suitable transaction is identified.

RF Acquisition Corp II does not engage in any commercial operations of its own and has not generated revenues independent of its SPAC structure.