RF Acquisition Corp II (NASDAQ:RFAI) Short Interest Up 249.8% in July

RF Acquisition Corp II (NASDAQ:RFAIGet Free Report) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 2,263 shares, a growth of 249.8% from the June 30th total of 647 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,391 shares, the short-interest ratio is presently 1.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of RF Acquisition Corp II in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Check Out Our Latest Report on RF Acquisition Corp II

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Clear Street Group Inc. grew its position in RF Acquisition Corp II by 4,466.7% in 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 period. Susquehanna International Group LLP purchased a new stake in RF Acquisition Corp II in the third quarter valued at $132,000. Finally, Shaolin Capital Management LLC purchased a new stake in RF Acquisition Corp II in the third quarter valued at $940,000.

RF Acquisition Corp II Stock Performance

NASDAQ:RFAI traded up $0.02 on Friday, hitting $11.09. The stock had a trading volume of 30,043 shares, compared to its average volume of 12,909. The company has a fifty day moving average price of $11.03 and a two-hundred day moving average price of $10.94. RF Acquisition Corp II has a 1-year low of $10.56 and a 1-year high of $11.44.

About RF Acquisition Corp II

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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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