RF Acquisition Corp II (NASDAQ:RFAIR) Stock Short Interest Climbs 222.6%

RF Acquisition Corp II (NASDAQ:RFAIR) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 8,884 shares, an increase of 222.6% from the September 30th total of 2,754 shares. Based on an average daily trading volume, of 47,696 shares, the days-to-cover ratio is currently 0.2 days.

RF Acquisition Corp II Price Performance

RF Acquisition Corp II stock opened at $0.15 on Thursday. The firm’s 50 day simple moving average is $0.16 and its 200-day simple moving average is $0.12. RF Acquisition Corp II has a fifty-two week low of $0.07 and a fifty-two week high of $0.25.

RF Acquisition Corp II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. The company does not conduct substantial commercial operations of its own and was established to raise capital through a public offering for the purpose of pursuing a merger, acquisition, or similar transaction.

Until it completes a business combination, RF Acquisition Corp II’s activities generally consist of evaluating potential target businesses, conducting due diligence, and managing funds held in trust for shareholders.