RF Acquisition Corp II (NASDAQ:RFAIU – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 256 shares, a decline of 93.1% from the September 30th total of 3,714 shares. Based on an average daily volume of 10,048 shares, the short-interest ratio is currently 0.0 days.
RF Acquisition Corp II Stock Down 17.2%
Shares of RFAIU traded down $7.59 during midday trading on Tuesday, reaching $36.67. The stock had a trading volume of 2,674 shares, compared to its average volume of 6,063. The firm’s 50 day moving average price is $40.20 and its 200-day moving average price is $18.24. RF Acquisition Corp II has a 52 week low of $10.99 and a 52 week high of $55.00.
About RF Acquisition Corp II
RF Acquisition Corp II is a special purpose acquisition company (SPAC) formed to pursue a business combination, such as a merger, acquisition, or similar transaction, with one or more operating businesses.
As a blank-check company, RF Acquisition Corp II does not have an established operating business, products, or services of its own. Its principal activities are identifying and evaluating potential target companies and completing an initial business combination.
Publicly available information about the company’s specific investment focus, geographic coverage, and leadership is limited.
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