Short Interest in RF Acquisition Corp II (NASDAQ:RFAIR) Expands By 121.8%

RF Acquisition Corp II (NASDAQ:RFAIR – Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 19,763 shares, an increase of 121.8% from the July 15th total of 8,911 shares. Based on an average daily trading volume, of 8,972 shares, the short-interest ratio is presently 2.2 days.

RF Acquisition Corp II Price Performance

RFAIR stock traded up $0.01 during trading on Friday, hitting $0.12. The company had a trading volume of 36,141 shares, compared to its average volume of 6,825. The company has a fifty day moving average price of $0.10 and a two-hundred day moving average price of $0.10. RF Acquisition Corp II has a fifty-two week low of $0.06 and a fifty-two week high of $0.24.

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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.

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