Short Interest in RF Acquisition Corp II (NASDAQ:RFAIU) Expands By 105,100.0%

RF Acquisition Corp II (NASDAQ:RFAIU) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,052 shares, a growth of 105,100.0% from the August 15th total of 1 shares. Based on an average daily trading volume, of 451 shares, the short-interest ratio is presently 2.3 days.

RF Acquisition Corp II Trading Down 5.5%

Shares of NASDAQ:RFAIU opened at $44.44 on Friday. The business’s 50-day simple moving average is $23.06 and its 200 day simple moving average is $15.15. RF Acquisition Corp II has a one year low of $10.99 and a one year high of $52.94.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Acquisition Corp II stock. Clear Street Group Inc. boosted its position in RF Acquisition Corp II (NASDAQ:RFAIU) by 26.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,372 shares of the company’s stock after buying an additional 1,335 shares during the quarter. Clear Street Group Inc.’s holdings in RF Acquisition Corp II were worth $69,000 at the end of the most recent quarter.

RF Acquisition Corp II Company Profile

RF Acquisition Corp II, incorporated in Delaware in 2021, is a special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker RFAIU. The company 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. As a blank check vehicle, it raises capital through an initial public offering and holds the net proceeds in a trust account until a suitable transaction is identified.

RF Acquisition Corp II does not engage in any commercial operations of its own and has not generated revenues independent of its SPAC structure.