Short Interest in K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII) Decreases By 40.2%

K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 698 shares, a decline of 40.2% from the August 15th total of 1,167 shares. Based on an average trading volume of 8,740 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of K&F GROWTH ACQUISITION CORP. II in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, K&F GROWTH ACQUISITION CORP. II currently has an average rating of “Sell”.

Hedge Funds Weigh In On K&F GROWTH ACQUISITION CORP. II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KFII. L1 Global Manager Pty Ltd purchased a new stake in K&F GROWTH ACQUISITION CORP. II during the fourth quarter valued at $2,585,000. Radcliffe Capital Management L.P. lifted its holdings in shares of K&F GROWTH ACQUISITION CORP. II by 24.7% in the 4th quarter. Radcliffe Capital Management L.P. now owns 633,889 shares of the company’s stock valued at $6,551,000 after acquiring an additional 125,598 shares during the last quarter. Sona Asset Management US LLC bought a new stake in K&F GROWTH ACQUISITION CORP. II during the first quarter worth approximately $1,125,000. Finally, Berkley W R Corp raised its position in K&F GROWTH ACQUISITION CORP. II by 10.2% during the first quarter. Berkley W R Corp now owns 1,074,855 shares of the company’s stock valued at $11,211,000 after purchasing an additional 99,400 shares during the period.

K&F GROWTH ACQUISITION CORP. II Stock Performance

Shares of NASDAQ KFII traded up $0.01 during mid-day trading on Thursday, reaching $10.66. The company’s stock had a trading volume of 2,808 shares, compared to its average volume of 51,132. The stock has a fifty day moving average of $10.62 and a two-hundred day moving average of $10.53. K&F GROWTH ACQUISITION CORP. II has a 52 week low of $10.20 and a 52 week high of $10.66.

K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter.

K&F GROWTH ACQUISITION CORP. II Company Profile

K&F Growth Acquisition Corp. II is a Delaware-incorporated special purpose acquisition company (SPAC) that completed its initial public offering in late 2021. As a blank-check vehicle, the company was formed for the purpose of identifying and consummating a business combination with one or more operating businesses, thereby taking a target company public. It holds the proceeds of its IPO in a trust account pending the completion of a merger, share exchange, asset acquisition, stock purchase, recapitalization or similar business combination.

The sponsor of K&F Growth Acquisition Corp.