RF Acquisition Corp II (NASDAQ:RFAIR) Short Interest Down 29.1% in February

RF Acquisition Corp II (NASDAQ:RFAIR) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 10,504 shares, a drop of 29.1% from the January 29th total of 14,818 shares. Based on an average daily volume of 5,748 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily volume of 5,748 shares, the days-to-cover ratio is presently 1.8 days.

RF Acquisition Corp II Price Performance

RF Acquisition Corp II stock remained flat at $0.10 on Friday. 2,082 shares of the company’s stock were exchanged, compared to its average volume of 6,105. RF Acquisition Corp II has a 52-week low of $0.05 and a 52-week high of $0.24. The company’s fifty day moving average is $0.11 and its two-hundred day moving average 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.