RF Acquisition Corp II (NASDAQ:RFAIR) Short Interest Update

RF Acquisition Corp II (NASDAQ:RFAIR) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 8,911 shares, a growth of 401.2% from the June 30th total of 1,778 shares. Based on an average daily volume of 3,155 shares, the days-to-cover ratio is currently 2.8 days.

RF Acquisition Corp II Stock Performance

Shares of RFAIR stock traded up $0.01 during mid-day trading on Monday, hitting $0.12. 633 shares of the stock traded hands, compared to its average volume of 6,356. RF Acquisition Corp II has a 52-week low of $0.06 and a 52-week high of $0.24. The stock’s fifty day moving average is $0.10 and its two-hundred 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.