RF Acquisition Corp II (NASDAQ:RFAI) Sees Significant Drop in Short Interest

RF Acquisition Corp II (NASDAQ:RFAI) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 73 shares, a drop of 61.2% from the April 15th total of 188 shares. Based on an average daily volume of 1,050 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

RF Acquisition Corp II Price Performance

Shares of RF Acquisition Corp II stock remained flat at $10.93 during midday trading on Thursday. The company had a trading volume of 317 shares, compared to its average volume of 1,013. The company’s 50 day moving average is $10.94 and its 200 day moving average is $10.84. RF Acquisition Corp II has a one year low of $10.46 and a one year high of $11.44.

Institutional Investors Weigh In On RF Acquisition Corp II

Large investors have recently modified their holdings of the stock. Clear Street Group Inc. raised its position in shares of RF Acquisition Corp II by 4,466.7% in the 4th 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 in the last quarter. Susquehanna International Group LLP bought a new stake in shares of RF Acquisition Corp II during the third quarter valued at approximately $132,000. Radcliffe Capital Management L.P. bought a new stake in shares of RF Acquisition Corp II during the third quarter valued at approximately $323,000. Shaolin Capital Management LLC purchased a new stake in RF Acquisition Corp II in the third quarter worth $940,000. Finally, Berkley W R Corp raised its holdings in RF Acquisition Corp II by 24.2% in the third quarter. Berkley W R Corp now owns 937,845 shares of the company’s stock worth $10,072,000 after purchasing an additional 183,030 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of RF Acquisition Corp II in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently 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.