RF Acquisition Corp II (NASDAQ:RFAIU – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 1,001 shares, a growth of 291.0% from the October 15th total of 256 shares. Based on an average daily volume of 8,586 shares, the days-to-cover ratio is currently 0.1 days.
RF Acquisition Corp II Trading Up 5.0%
RFAIU traded up $1.66 during midday trading on Friday, hitting $34.98. The company had a trading volume of 1,333 shares, compared to its average volume of 5,799. RF Acquisition Corp II has a 52 week low of $10.99 and a 52 week high of $55.00. The stock’s 50 day moving average price is $38.48 and its 200 day moving average price is $19.65.
About RF Acquisition Corp II
RF Acquisition Corp II is a special purpose acquisition company, also known as a blank-check company. It was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a SPAC, RF Acquisition Corp II does not have an established operating business or sell products and services of its own. Its activities are focused on identifying and completing a business combination; until then, it operates as a publicly traded acquisition vehicle.
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