RF Acquisition Corp II (NASDAQ:RFAIR) Sees Significant Increase in Short Interest

RF Acquisition Corp II (NASDAQ:RFAIR) saw a large growth in short interest in the month of 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 trading volume, of 3,155 shares, the short-interest ratio is currently 2.8 days.

RF Acquisition Corp II Stock Performance

RF Acquisition Corp II stock traded up $0.01 during mid-day trading on Friday, hitting $0.12. 66,448 shares of the company’s stock were exchanged, compared to its average volume of 6,356. The company’s 50 day simple moving average is $0.10 and its 200-day simple moving average is $0.10. RF Acquisition Corp II has a fifty-two week low of $0.06 and a fifty-two week high of $0.24.

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.