Short Interest in RF Acquisition Corp II (NASDAQ:RFAIR) Drops By 65.6%

RF Acquisition Corp II (NASDAQ:RFAIR) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 1,679 shares, a drop of 65.6% from the April 30th total of 4,879 shares. Based on an average daily trading volume, of 2,085 shares, the days-to-cover ratio is presently 0.8 days.

RF Acquisition Corp II Stock Performance

NASDAQ RFAIR traded down $0.00 during trading on Monday, hitting $0.10. 25,117 shares of the stock traded hands, compared to its average volume of 4,786. The firm has a 50-day simple moving average of $0.10 and a 200-day simple moving average of $0.11. RF Acquisition Corp II has a 12-month low of $0.05 and a 12-month 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.