RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 6,828 shares, a decline of 41.4% from the September 15th total of 11,647 shares. Based on an average daily trading volume, of 13,647 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold.
RF Acquisition Corp II Trading Down 7.5%
Shares of NASDAQ:RFAI traded down $2.55 during midday trading on Friday, hitting $31.45. The company had a trading volume of 1,408 shares, compared to its average volume of 8,948. The company has a fifty day moving average of $34.08 and a two-hundred day moving average of $19.08. RF Acquisition Corp II has a 12-month low of $8.94 and a 12-month high of $73.00.
RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.01 EPS for the quarter.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on RFAI. Weiss Ratings upgraded shares of RF Acquisition Corp II from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Wall Street Zen raised RF Acquisition Corp II to a “sell” rating in a research report on Saturday, October 10th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, RF Acquisition Corp II currently has an average rating of “Hold”.
View Our Latest Research Report on RFAI
About RF Acquisition Corp II
RF Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and combine with one or more private businesses through a merger, share exchange, asset acquisition, reorganization or similar transaction. The company does not operate a traditional commercial business and does not currently offer products or services of its own.
As a blank-check company, RF Acquisition Corp. II’s primary activity is evaluating potential business combination opportunities. The company may pursue a target in any industry or geographic region, subject to the terms of its governing documents and applicable regulations; publicly available information does not identify a completed acquisition or a specific target sector.
RF Acquisition Corp.
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