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

RF Acquisition Corp II (NASDAQ:RFAIR) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 11,023 shares, an increase of 60.2% from the August 15th total of 6,879 shares. Based on an average daily volume of 308,896 shares, the short-interest ratio is presently 0.0 days.

RF Acquisition Corp II Stock Up 3.2%

RFAIR opened at $0.16 on Friday. The firm’s 50-day simple moving average is $0.13 and its 200-day simple moving average is $0.11. RF Acquisition Corp II has a twelve month low of $0.07 and a twelve month 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.