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

RF Acquisition Corp II (NASDAQ:RFAIR) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 11,023 shares, an increase of 60.2% from the August 15th total of 6,879 shares. Based on an average daily trading volume, of 308,896 shares, the short-interest ratio is presently 0.0 days.

RF Acquisition Corp II Trading Up 3.2%

RFAIR stock traded up $0.01 during trading on Thursday, hitting $0.16. 10,510 shares of the stock traded hands, compared to its average volume of 34,314. RF Acquisition Corp II has a one year low of $0.07 and a one year high of $0.24. The company has a 50 day simple moving average of $0.13 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.