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

RF Acquisition Corp II (NASDAQ:RFAI) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 647 shares, a growth of 588.3% from the June 15th total of 94 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,216 shares, the days-to-cover ratio is presently 0.5 days.

RF Acquisition Corp II Stock Up 0.1%

NASDAQ:RFAI traded up $0.01 on Monday, hitting $11.05. The stock had a trading volume of 1,010 shares, compared to its average volume of 767. RF Acquisition Corp II has a 52 week low of $10.54 and a 52 week high of $11.44. The business’s fifty day moving average is $11.00 and its 200 day moving average is $10.92.

Hedge Funds Weigh In On RF Acquisition Corp II

A number of large investors have recently modified their holdings of the company. Berkley W R Corp increased its stake in RF Acquisition Corp II by 24.2% during the 3rd quarter. Berkley W R Corp now owns 937,845 shares of the company’s stock valued at $10,072,000 after purchasing an additional 183,030 shares in the last quarter. Shaolin Capital Management LLC bought a new position in RF Acquisition Corp II in the 3rd quarter valued at about $940,000. Radcliffe Capital Management L.P. bought a new position in RF Acquisition Corp II in the 3rd quarter valued at about $323,000. Susquehanna International Group LLP acquired a new position in RF Acquisition Corp II during the 3rd quarter valued at about $132,000. Finally, Clear Street Group Inc. boosted its stake in RF Acquisition Corp II by 4,466.7% during 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.

Analyst Upgrades and Downgrades

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

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.