RF Acquisition Corp II (NASDAQ:RFAI) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,396 shares, a decrease of 38.3% from the July 15th total of 2,263 shares. Based on an average trading volume of 24,487 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of RF Acquisition Corp II from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, RF Acquisition Corp II presently has an average rating of “Hold”.

View Our Latest Report on RFAI

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Shaolin Capital Management LLC acquired a new position in shares of RF Acquisition Corp II during the third quarter valued at about $940,000. Susquehanna International Group LLP acquired a new stake in shares of RF Acquisition Corp II in the 3rd quarter worth about $132,000. Finally, Clear Street Group Inc. raised its holdings in shares of 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 acquiring an additional 8,978 shares during the last quarter.

RF Acquisition Corp II Stock Up 3.9%

Shares of RF Acquisition Corp II stock traded up $0.39 on Wednesday, hitting $10.39. 12,725 shares of the company’s stock traded hands, compared to its average volume of 49,102. RF Acquisition Corp II has a one year low of $8.94 and a one year high of $11.44. The company has a fifty day moving average of $11.00 and a two-hundred day moving average of $10.96.

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

About RF Acquisition Corp II

(Get Free Report)

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.

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