RF Acquisition Corp II (NASDAQ:RFAI) Short Interest Update

Key Points

• Short interest fell 35.4% to 11,647 shares as of September 15, down from 18,043 shares on August 31. Short interest represents 0.5% of outstanding shares, with a short-interest ratio of 0.6 days.
• Analyst sentiment remains negative: Weiss Ratings upgraded the stock from “sell (d)” to “sell (d+),” while the sole covering analyst maintains a Sell rating.
• RFAI shares opened at $37.55, with a 52-week range of $8.94 to $73.00. Clear Street Group also increased its stake by 4,466.7% to 9,179 shares, or 0.06% of the company.

RF Acquisition Corp II (NASDAQ:RFAI - Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 11,647 shares, a decrease of 35.4% from the August 31st total of 18,043 shares. Based on an average daily volume of 20,082 shares, the short-interest ratio is presently 0.6 days. Currently, 0.5% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of RF Acquisition Corp II from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, September 4th. One equities 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".

Hedge Funds Weigh In On RF Acquisition Corp II

An institutional investor recently raised its stake in RF Acquisition Corp II stock. Clear Street Group Inc. increased its holdings in shares of RF Acquisition Corp II (NASDAQ:RFAI - Free Report) by 4,466.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,179 shares of the company's stock after buying an additional 8,978 shares during the quarter. Clear Street Group Inc. owned 0.06% of RF Acquisition Corp II worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

RF Acquisition Corp II Stock Down 4.7%

Shares of RFAI stock opened at $37.55 on Thursday. The stock's 50-day moving average is $27.93 and its 200 day moving average is $16.95. RF Acquisition Corp II has a 1-year low of $8.94 and a 1-year high of $73.00.

RF Acquisition Corp II (NASDAQ:RFAI - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.01 EPS for the quarter.

RF Acquisition Corp II Company Profile

RF Acquisition Corp II is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Its potential transactions may include a merger, stock purchase, asset acquisition, reorganization or similar combination.

As a SPAC, RF Acquisition Corp II does not operate a traditional product or service business. Instead, it holds funds raised through its public offering while its management team searches for a suitable target company.

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