RF Acquisition Corp II (NASDAQ:RFAIR) Sees Large Drop in Short Interest

RF Acquisition Corp II (NASDAQ:RFAIR) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 8,952 shares, a drop of 14.8% from the February 12th total of 10,504 shares. Based on an average daily volume of 2,031 shares, the days-to-cover ratio is presently 4.4 days. Based on an average daily volume of 2,031 shares, the days-to-cover ratio is presently 4.4 days.

RF Acquisition Corp II Trading Up 2.0%

RFAIR stock traded up $0.00 during trading on Wednesday, hitting $0.10. The stock had a trading volume of 200 shares, compared to its average volume of 5,055. The company’s 50 day moving average price is $0.11 and its two-hundred day moving average price is $0.12. RF Acquisition Corp II has a 1-year low of $0.05 and a 1-year 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.