Short Interest in RF Acquisition Corp II (NASDAQ:RFAI) Rises By 249.8%

RF Acquisition Corp II (NASDAQ:RFAI) was the recipient of a significant growth in short interest in 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. Based on an average trading volume of 1,391 shares, the short-interest ratio is currently 1.6 days. Approximately 0.1% of the shares of the stock are sold short.

RF Acquisition Corp II Trading Up 0.1%

RFAI traded up $0.01 on Tuesday, hitting $11.08. 396 shares of the company were exchanged, compared to its average volume of 21,205. The business’s fifty day moving average is $11.03 and its 200 day moving average is $10.94. RF Acquisition Corp II has a fifty-two week low of $10.56 and a fifty-two week high of $11.44.

Institutional Investors Weigh In On RF Acquisition Corp II

Several institutional investors have recently modified their holdings of the company. Shaolin Capital Management LLC acquired a new stake in shares of RF Acquisition Corp II in the 3rd quarter worth approximately $940,000. Susquehanna International Group LLP acquired a new position in RF Acquisition Corp II during the third quarter worth $132,000. Finally, Clear Street Group Inc. raised its holdings 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 purchasing an additional 8,978 shares during the last quarter.

Wall Street Analyst Weigh In

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