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

RF Acquisition Corp II (NASDAQ:RFAI) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 73 shares, a decline of 61.2% from the April 15th total of 188 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,050 shares, the short-interest ratio is currently 0.1 days.

RF Acquisition Corp II Stock Performance

RFAI traded up $0.03 during midday trading on Friday, reaching $10.96. 2,029 shares of the company’s stock were exchanged, compared to its average volume of 1,013. The business’s 50-day moving average price is $10.95 and its 200 day moving average price is $10.84. RF Acquisition Corp II has a 1-year low of $10.46 and a 1-year high of $11.44.

Hedge Funds Weigh In On RF Acquisition Corp II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Berkley W R Corp raised its position in RF Acquisition Corp II by 24.2% during the third quarter. Berkley W R Corp now owns 937,845 shares of the company’s stock worth $10,072,000 after acquiring an additional 183,030 shares during the last quarter. Shaolin Capital Management LLC acquired a new position in RF Acquisition Corp II during the third quarter worth about $940,000. Radcliffe Capital Management L.P. acquired a new position in RF Acquisition Corp II during the third quarter worth about $323,000. Susquehanna International Group LLP acquired a new position in RF Acquisition Corp II during the third quarter worth about $132,000. Finally, Clear Street Group Inc. raised its position in RF Acquisition Corp II by 4,466.7% during the fourth 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of RF Acquisition Corp II in a report on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About RF Acquisition Corp II

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.