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

RF Acquisition Corp II (NASDAQ:RFAIR) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 8,952 shares, a decline of 14.8% from the February 12th total of 10,504 shares. Based on an average daily volume of 2,031 shares, the days-to-cover ratio is presently 4.4 days. Based on an average daily volume of 2,031 shares, the days-to-cover ratio is presently 4.4 days.

RF Acquisition Corp II Price Performance

Shares of RFAIR stock opened at $0.12 on Monday. RF Acquisition Corp II has a one year low of $0.05 and a one year high of $0.24. The company’s 50-day moving average is $0.11 and its 200 day moving average is $0.12.

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.