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

RF Acquisition Corp II (NASDAQ:RFAIR) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,679 shares, a drop of 65.6% from the April 30th total of 4,879 shares. Based on an average daily trading volume, of 2,085 shares, the short-interest ratio is currently 0.8 days.

RF Acquisition Corp II Stock Performance

RF Acquisition Corp II stock remained flat at $0.10 during midday trading on Friday. The company had a trading volume of 187 shares, compared to its average volume of 4,572. RF Acquisition Corp II has a 52-week low of $0.05 and a 52-week high of $0.24. The firm has a fifty day moving average price of $0.10 and a 200-day moving average price of $0.11.

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.