RF Acquisition Corp II (NASDAQ:RFAIR) Short Interest Update

RF Acquisition Corp II (NASDAQ:RFAIR) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 6,879 shares, a drop of 65.2% from the July 30th total of 19,763 shares. Based on an average trading volume of 12,455 shares, the days-to-cover ratio is presently 0.6 days.

RF Acquisition Corp II Price Performance

NASDAQ RFAIR traded down $0.00 during mid-day trading on Friday, reaching $0.15. 89,540 shares of the stock were exchanged, compared to its average volume of 33,538. RF Acquisition Corp II has a one year low of $0.06 and a one year high of $0.24. The stock has a 50 day simple moving average of $0.11 and a 200-day simple moving average of $0.11.

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.