RF Acquisition Corp II (NASDAQ:RFAIR) Sees Large Decrease in Short Interest

RF Acquisition Corp II (NASDAQ:RFAIR) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 5,956 shares, a drop of 33.5% from the February 26th total of 8,952 shares. Based on an average daily volume of 422 shares, the short-interest ratio is currently 14.1 days.

RF Acquisition Corp II Stock Up 0.8%

Shares of NASDAQ:RFAIR traded up $0.00 during trading on Friday, reaching $0.12. The stock had a trading volume of 200 shares, compared to its average volume of 4,683. The firm’s 50-day simple moving average is $0.11 and its 200 day simple moving average is $0.12. RF Acquisition Corp II has a one year low of $0.05 and a one year 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.