RF Acquisition Corp II (NASDAQ:RFAIU – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 1,001 shares, a growth of 291.0% from the October 15th total of 256 shares. Based on an average daily volume of 8,586 shares, the days-to-cover ratio is presently 0.1 days.
RF Acquisition Corp II Trading Up 8.3%
NASDAQ RFAIU opened at $35.73 on Thursday. The business’s 50-day moving average price is $38.79 and its 200 day moving average price is $19.52. RF Acquisition Corp II has a twelve month low of $10.99 and a twelve month high of $55.00.
About RF Acquisition Corp II
RF Acquisition Corp II is a special purpose acquisition company, also known as a blank-check company. It was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a SPAC, RF Acquisition Corp II does not have an established operating business or sell products and services of its own. Its activities are focused on identifying and completing a business combination; until then, it operates as a publicly traded acquisition vehicle.
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