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

by · The Cerbat Gem

RF Acquisition Corp II (NASDAQ:RFAIR – Get Free Report) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 6,879 shares, a drop of 65.2% from the July 30th total of 19,763 shares. Based on an average daily trading volume, of 12,455 shares, the days-to-cover ratio is currently 0.6 days.

RF Acquisition Corp II Trading Down 0.1%

RF Acquisition Corp II stock traded down $0.00 during mid-day trading on Friday, hitting $0.15. 89,540 shares of the company’s stock traded hands, compared to its average volume of 33,538. The firm has a 50 day simple moving average of $0.11 and a two-hundred day simple moving average of $0.11. RF Acquisition Corp II has a fifty-two week low of $0.06 and a fifty-two 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.

Featured Stories