RF Acquisition Corp II (NASDAQ:RFAI – Get 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
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
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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