RF Acquisition Corp II (NASDAQ:RFAIU) Shares Shorted: Short Interest Up 280.1% in September

RF Acquisition Corp II (NASDAQ:RFAIU) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 3,714 shares, a growth of 280.1% from the September 15th total of 977 shares. Based on an average daily volume of 3,882 shares, the days-to-cover ratio is currently 1.0 days.

RF Acquisition Corp II Trading Up 2.0%

NASDAQ:RFAIU traded up $0.86 during midday trading on Monday, reaching $44.61. 14,018 shares of the company traded hands, compared to its average volume of 4,937. The company has a fifty day moving average price of $35.39 and a 200 day moving average price of $19.56. RF Acquisition Corp II has a twelve month low of $10.99 and a twelve month high of $55.00.

About RF Acquisition Corp II

RF Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Its potential transaction could take the form of a merger, share exchange, asset acquisition, or similar business combination.

As a blank-check company, RF Acquisition Corp. II does not operate a commercial business or offer products and services of its own. Its activities are primarily focused on raising capital through its securities offering, evaluating potential acquisition targets, and pursuing an initial business combination.

The company’s units trade under the symbol RFAIU on the Nasdaq Stock Market.