RF Acquisition Corp II (NASDAQ:RFAIR) Sees Significant Decrease in Short Interest

RF Acquisition Corp II (NASDAQ:RFAIR) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 10,504 shares, a decrease of 29.1% from the January 29th total of 14,818 shares. Based on an average daily volume of 5,748 shares, the short-interest ratio is presently 1.8 days. Based on an average daily volume of 5,748 shares, the short-interest ratio is presently 1.8 days.

RF Acquisition Corp II Price Performance

Shares of RF Acquisition Corp II stock remained flat at $0.10 during midday trading on Friday. The company had a trading volume of 2,082 shares, compared to its average volume of 6,105. The firm has a 50 day simple moving average of $0.11 and a 200 day simple moving average of $0.12. RF Acquisition Corp II has a 1-year low of $0.05 and a 1-year high of $0.24.

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.