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

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

RF Acquisition Corp II Stock Performance

RF Acquisition Corp II stock traded up $0.02 on Friday, hitting $11.05. 1,010 shares of the stock traded hands, compared to its average volume of 717. The business’s fifty day simple moving average is $11.00 and its 200 day simple moving average is $10.92. RF Acquisition Corp II has a 1 year low of $10.54 and a 1 year high of $11.44.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Clear Street Group Inc. boosted its stake 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 in the last quarter. Susquehanna International Group LLP bought a new position in shares of RF Acquisition Corp II during the third quarter valued at approximately $132,000. Radcliffe Capital Management L.P. bought a new position in shares of RF Acquisition Corp II during the third quarter valued at approximately $323,000. Shaolin Capital Management LLC purchased a new position in shares of RF Acquisition Corp II during the third quarter valued at approximately $940,000. Finally, Berkley W R Corp lifted its holdings in shares of 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 valued at $10,072,000 after purchasing an additional 183,030 shares during the last quarter.

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.