Short Interest in RF Acquisition Corp II (NASDAQ:RFAIR) Rises By 401.2%

RF Acquisition Corp II (NASDAQ:RFAIR) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 8,911 shares, a growth of 401.2% from the June 30th total of 1,778 shares. Based on an average daily trading volume, of 3,155 shares, the days-to-cover ratio is presently 2.8 days.

RF Acquisition Corp II Stock Up 6.5%

RF Acquisition Corp II stock traded up $0.01 during mid-day trading on Friday, reaching $0.12. The company’s stock had a trading volume of 66,448 shares, compared to its average volume of 6,356. RF Acquisition Corp II has a 12-month low of $0.06 and a 12-month high of $0.24. The firm’s fifty day moving average price is $0.10 and its two-hundred day moving average price is $0.10.

RF Acquisition Corp II is a special purpose acquisition company incorporated in Delaware whose common stock and warrants trade on the Nasdaq under the symbols RFAIR and RFAIW. The company was formed to raise capital through an initial public offering and to effect a business combination with one or more operating businesses. As a blank check company, RF Acquisition Corp II holds its IPO proceeds in a trust account pending identification and completion of a qualifying transaction.

The company’s sponsor and management team bring experience in corporate finance, mergers and acquisitions, and capital markets, though specific leadership details have not been widely disclosed.