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

RF Acquisition Corp II (NASDAQ:RFAIR) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 6,879 shares, a decrease of 65.2% from the July 30th total of 19,763 shares. Based on an average trading volume of 12,455 shares, the short-interest ratio is presently 0.6 days.

RF Acquisition Corp II Stock Performance

Shares of NASDAQ RFAIR opened at $0.15 on Friday. The stock’s fifty day simple moving average is $0.11 and its 200 day simple moving average is $0.11. RF Acquisition Corp II has a 52-week low of $0.06 and a 52-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.