K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 698 shares, a decrease of 40.2% from the August 15th total of 1,167 shares. Based on an average daily volume of 8,740 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On K&F GROWTH ACQUISITION CORP. II
A number of institutional investors and hedge funds have recently modified their holdings of the business. Berkley W R Corp boosted its holdings in K&F GROWTH ACQUISITION CORP. II by 10.2% during the 1st quarter. Berkley W R Corp now owns 1,074,855 shares of the company’s stock valued at $11,211,000 after acquiring an additional 99,400 shares during the period. Sona Asset Management US LLC purchased a new stake in K&F GROWTH ACQUISITION CORP. II in the first quarter worth $1,125,000. Radcliffe Capital Management L.P. lifted its position in shares of K&F GROWTH ACQUISITION CORP. II by 24.7% during the fourth quarter. Radcliffe Capital Management L.P. now owns 633,889 shares of the company’s stock worth $6,551,000 after purchasing an additional 125,598 shares during the last quarter. Finally, L1 Global Manager Pty Ltd bought a new stake in shares of K&F GROWTH ACQUISITION CORP. II during the fourth quarter worth $2,585,000.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of K&F GROWTH ACQUISITION CORP. II in a report on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, K&F GROWTH ACQUISITION CORP. II has an average rating of “Sell”.
K&F GROWTH ACQUISITION CORP. II Price Performance
Shares of KFII stock traded up $0.00 during trading hours on Wednesday, reaching $10.66. 2,808 shares of the stock were exchanged, compared to its average volume of 51,132. K&F GROWTH ACQUISITION CORP. II has a 12-month low of $10.20 and a 12-month high of $10.66. The company’s 50-day moving average price is $10.62 and its 200-day moving average price is $10.53.
K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter.
About K&F GROWTH ACQUISITION CORP. II
K&F Growth Acquisition Corp. II is a Delaware-incorporated special purpose acquisition company (SPAC) that completed its initial public offering in late 2021. As a blank-check vehicle, the company was formed for the purpose of identifying and consummating a business combination with one or more operating businesses, thereby taking a target company public. It holds the proceeds of its IPO in a trust account pending the completion of a merger, share exchange, asset acquisition, stock purchase, recapitalization or similar business combination.
The sponsor of K&F Growth Acquisition Corp.
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