Short Interest in RF Acquisition Corp II (NASDAQ:RFAIR) Grows By 763.0%

RF Acquisition Corp II (NASDAQ:RFAIR) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 14,818 shares, a growth of 763.0% from the January 15th total of 1,717 shares. Based on an average daily volume of 11,781 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 11,781 shares, the days-to-cover ratio is presently 1.3 days.

RF Acquisition Corp II Price Performance

RFAIR stock opened at $0.10 on Wednesday. The company’s 50-day moving average price is $0.11 and its 200 day moving average price is $0.12. RF Acquisition Corp II has a 52 week low of $0.05 and a 52 week 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.