RF Acquisition Corp II (NASDAQ:RFAI) Stock Short Interest Report for September

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

Wall Street Analyst Weigh In

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

RF Acquisition Corp II Price Performance

Shares of RF Acquisition Corp II stock traded down $2.55 during trading on Friday, reaching $31.45. The company’s stock had a trading volume of 1,408 shares, compared to its average volume of 8,948. RF Acquisition Corp II has a 52-week low of $8.94 and a 52-week high of $73.00. The firm’s 50-day moving average is $34.08 and its two-hundred day moving average is $19.08.

RF Acquisition Corp II (NASDAQ:RFAI) last issued its 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) 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.