RF Acquisition Corp II (NASDAQ:RFAI) Shares Shorted: Short Interest Down 41.4% in September

RF Acquisition Corp II (NASDAQ:RFAI) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 6,828 shares, a drop of 41.4% from the September 15th total of 11,647 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 13,647 shares, the days-to-cover ratio is currently 0.5 days.

RF Acquisition Corp II Price Performance

RFAI traded up $2.54 on Thursday, hitting $32.59. 9,255 shares of the company’s stock were exchanged, compared to its average volume of 55,883. RF Acquisition Corp II has a twelve month low of $8.94 and a twelve month high of $73.00. The stock has a fifty day moving average of $33.21 and a two-hundred day moving average of $18.83.

RF Acquisition Corp II (NASDAQ:RFAI) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.01 EPS for the quarter.

Wall Street Analysts Forecast Growth

RFAI has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of RF Acquisition Corp II to a “sell” rating in a report on Saturday, October 10th. Weiss Ratings upgraded RF Acquisition Corp II from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.