RF Acquisition Corp II (NASDAQ:RFAI) Stock Short Interest Report for September

RF Acquisition Corp II (NASDAQ:RFAI) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 6,828 shares, a drop of 41.4% from the September 15th total of 11,647 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 13,647 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RFAI. Weiss Ratings upgraded RF Acquisition Corp II from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded RF Acquisition Corp II to a “sell” rating in a report on Saturday, October 10th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company has a consensus rating of “Hold”.

RF Acquisition Corp II Stock Up 8.4%

Shares of NASDAQ RFAI traded up $2.54 during trading on Thursday, hitting $32.59. 9,255 shares of the company traded hands, compared to its average volume of 55,883. RF Acquisition Corp II has a 1 year low of $8.94 and a 1 year high of $73.00. The company has a 50-day moving average price of $33.21 and a 200-day moving average price of $18.83.

RF Acquisition Corp II (NASDAQ:RFAI) last issued its earnings results on Friday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter.

RF Acquisition Corp II Company Profile

RF Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and combine with one or more private businesses through a merger, share exchange, asset acquisition, reorganization or similar transaction. The company does not operate a traditional commercial business and does not currently offer products or services of its own.

As a blank-check company, RF Acquisition Corp. II’s primary activity is evaluating potential business combination opportunities. The company may pursue a target in any industry or geographic region, subject to the terms of its governing documents and applicable regulations; publicly available information does not identify a completed acquisition or a specific target sector.

RF Acquisition Corp.