RF Acquisition Corp II (NASDAQ:RFAIR) Short Interest Up 121.8% in July

RF Acquisition Corp II (NASDAQ:RFAIR) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 19,763 shares, a growth of 121.8% from the July 15th total of 8,911 shares. Based on an average daily volume of 8,972 shares, the short-interest ratio is presently 2.2 days.

RF Acquisition Corp II Price Performance

NASDAQ:RFAIR traded up $0.01 during trading hours on Friday, reaching $0.12. 36,141 shares of the company traded hands, compared to its average volume of 6,825. RF Acquisition Corp II has a 1-year low of $0.06 and a 1-year high of $0.24. The firm’s 50-day moving average is $0.10 and its 200-day moving average is $0.10.

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.