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

RF Acquisition Corp II (NASDAQ:RFAI) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 21,600 shares, a growth of 1,447.3% from the July 30th total of 1,396 shares. Based on an average trading volume of 68,372 shares, the short-interest ratio is presently 0.3 days. Currently, 1.0% of the shares of the company are sold short.

Institutional Investors Weigh In On RF Acquisition Corp II

Several institutional investors and hedge funds have recently made changes to their positions in the company. Shaolin Capital Management LLC acquired a new stake in shares of RF Acquisition Corp II during the 3rd quarter worth about $940,000. Susquehanna International Group LLP bought a new stake in RF Acquisition Corp II during the third quarter worth about $132,000. Finally, Clear Street Group Inc. grew 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 buying an additional 8,978 shares during the last quarter.

RF Acquisition Corp II Price Performance

NASDAQ RFAI opened at $51.09 on Wednesday. RF Acquisition Corp II has a twelve month low of $8.94 and a twelve month high of $73.00. The company’s 50-day simple moving average is $13.58 and its 200 day simple moving average is $11.87.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded RF Acquisition Corp II from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, RF Acquisition Corp II 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.