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

RF Acquisition Corp II (NASDAQ:RFAIR) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 1,717 shares, a drop of 64.3% from the December 15th total of 4,815 shares. Based on an average daily volume of 1,631 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 1,631 shares, the days-to-cover ratio is currently 1.1 days.

RF Acquisition Corp II Price Performance

RF Acquisition Corp II stock opened at $0.12 on Tuesday. The business has a 50 day moving average of $0.13 and a 200-day moving average of $0.11. RF Acquisition Corp II has a 1 year low of $0.05 and a 1 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.