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

RF Acquisition Corp II (NASDAQ:RFAIR) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 8,911 shares, a growth of 401.2% from the June 30th total of 1,778 shares. Based on an average trading volume of 3,155 shares, the short-interest ratio is presently 2.8 days.

RF Acquisition Corp II Stock Performance

NASDAQ:RFAIR traded up $0.01 on Friday, hitting $0.12. 66,448 shares of the stock were exchanged, compared to its average volume of 6,356. RF Acquisition Corp II has a 52 week low of $0.06 and a 52 week high of $0.24. The company’s 50-day moving average price is $0.10 and its 200 day moving average price is $0.10.

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.