K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII – Get Free Report) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 386 shares, a decrease of 56.8% from the December 15th total of 894 shares. Based on an average trading volume of 5,679 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 5,679 shares, the short-interest ratio is presently 0.1 days.
Hedge Funds Weigh In On K&F GROWTH ACQUISITION CORP. II
Several hedge funds have recently made changes to their positions in KFII. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of K&F GROWTH ACQUISITION CORP. II during the 2nd quarter valued at $20,360,000. Hudson Bay Capital Management LP grew its holdings in K&F GROWTH ACQUISITION CORP. II by 2.0% during the 2nd quarter. Hudson Bay Capital Management LP now owns 1,257,080 shares of the company’s stock valued at $12,797,000 after buying an additional 25,000 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of K&F GROWTH ACQUISITION CORP. II in the second quarter worth about $12,681,000. Alberta Investment Management Corp purchased a new stake in shares of K&F GROWTH ACQUISITION CORP. II in the second quarter worth about $12,598,000. Finally, Wolverine Asset Management LLC boosted its position in shares of K&F GROWTH ACQUISITION CORP. II by 188.3% in the third quarter. Wolverine Asset Management LLC now owns 1,189,395 shares of the company’s stock valued at $12,150,000 after acquiring an additional 776,860 shares during the period.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of K&F GROWTH ACQUISITION CORP. II in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
K&F GROWTH ACQUISITION CORP. II Trading Up 0.2%
NASDAQ KFII traded up $0.02 on Friday, hitting $10.35. 2,062 shares of the stock traded hands, compared to its average volume of 36,544. The stock’s fifty day simple moving average is $10.31. K&F GROWTH ACQUISITION CORP. II has a 12 month low of $9.90 and a 12 month high of $10.50.
K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII – Get Free Report) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.08 EPS for the quarter.
About K&F GROWTH ACQUISITION CORP. II
K&F Growth Acquisition Corp. II is a Delaware-incorporated special purpose acquisition company (SPAC) that completed its initial public offering in late 2021. As a blank-check vehicle, the company was formed for the purpose of identifying and consummating a business combination with one or more operating businesses, thereby taking a target company public. It holds the proceeds of its IPO in a trust account pending the completion of a merger, share exchange, asset acquisition, stock purchase, recapitalization or similar business combination.
The sponsor of K&F Growth Acquisition Corp.
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