RF Acquisition Corp II (NASDAQ:RFAIR – Get Free Report) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 2,846 shares, a decline of 68.0% from the October 15th total of 8,884 shares. Based on an average daily trading volume, of 46,122 shares, the short-interest ratio is presently 0.1 days.
RF Acquisition Corp II Trading Up 9.4%
RFAIR stock traded up $0.01 during midday trading on Friday, reaching $0.17. 338 shares of the company’s stock traded hands, compared to its average volume of 37,019. The company has a 50-day moving average price of $0.17 and a two-hundred day moving average price of $0.12. RF Acquisition Corp II has a 52 week low of $0.07 and a 52 week high of $0.25.
RF Acquisition Corp II is a blank-check company, also known as a special purpose acquisition company (SPAC). It was formed to pursue a merger, share exchange, asset acquisition, or other business combination with one or more businesses. Unlike an operating company, RF Acquisition Corp II does not offer products or services of its own. Its business is focused on identifying and completing a transaction with a target company; until then, it has no ongoing commercial operations to describe.
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