Short Interest in RF Acquisition Corp II (NASDAQ:RFAIR) Declines By 65.6%

RF Acquisition Corp II (NASDAQ:RFAIR) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,679 shares, a decrease of 65.6% from the April 30th total of 4,879 shares. Based on an average daily trading volume, of 2,085 shares, the short-interest ratio is presently 0.8 days.

RF Acquisition Corp II Stock Performance

Shares of NASDAQ:RFAIR remained flat at $0.10 during mid-day trading on Friday. The company had a trading volume of 187 shares, compared to its average volume of 4,572. The stock’s 50-day moving average price is $0.10 and its 200 day moving average price is $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.