RF Acquisition Corp II (NASDAQ:RFAIR) Short Interest Down 65.6% in May

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

RF Acquisition Corp II Stock Performance

Shares of NASDAQ:RFAIR remained flat at $0.10 during trading hours on Friday. 187 shares of the stock traded hands, compared to its average volume of 4,572. RF Acquisition Corp II has a one year low of $0.05 and a one year high of $0.24. The company’s 50 day simple moving average is $0.10 and its two-hundred day simple moving average is $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.