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

RF Acquisition Corp II (NASDAQ:RFAIR) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 14,818 shares, a growth of 763.0% from the January 15th total of 1,717 shares. Based on an average daily trading volume, of 11,781 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 11,781 shares, the days-to-cover ratio is currently 1.3 days.

RF Acquisition Corp II Price Performance

Shares of NASDAQ:RFAIR remained flat at $0.10 during midday trading on Tuesday. 1,515 shares of the stock traded hands, compared to its average volume of 6,671. RF Acquisition Corp II has a one year low of $0.05 and a one year high of $0.24. The business’s 50 day moving average price is $0.11 and its 200 day moving average price is $0.12.

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.