Range Capital Acquisition Corp II (NASDAQ:RNGT) Sees Significant Decrease in Short Interest

Range Capital Acquisition Corp II (NASDAQ:RNGT) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 586 shares, a decrease of 74.3% from the October 15th total of 2,284 shares. Based on an average daily trading volume, of 161,886 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Range Capital Acquisition Corp II Stock Up 0.2%

RNGT stock opened at $10.23 on Thursday. The firm’s 50-day moving average price is $10.19. Range Capital Acquisition Corp II has a 12-month low of $9.90 and a 12-month high of $10.22.

Range Capital Acquisition Corp II (NASDAQ:RNGT) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.06 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Range Capital Acquisition Corp II in a research note on Friday, October 30th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Range Capital Acquisition Corp II currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harraden Circle Investments LLC increased its holdings in Range Capital Acquisition Corp II by 40.2% in the second quarter. Harraden Circle Investments LLC now owns 525,177 shares of the company’s stock valued at $179,000 after buying an additional 150,651 shares during the last quarter. Lineage Point Capital LP lifted its stake in Range Capital Acquisition Corp II by 200.0% in the second quarter. Lineage Point Capital LP now owns 735,000 shares of the company’s stock valued at $250,000 after buying an additional 490,000 shares during the last quarter. Sona Asset Management US LLC bought a new position in shares of Range Capital Acquisition Corp II during the first quarter worth about $1,096,000. Periscope Capital Inc. bought a new position in shares of Range Capital Acquisition Corp II during the third quarter worth about $2,293,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Range Capital Acquisition Corp II during the first quarter worth about $3,000,000.

Range Capital Acquisition Corp II Company Profile

Range Capital Acquisition Corp II is a special purpose acquisition company, or SPAC, formed to pursue a merger, acquisition or similar business combination with an operating company. As a SPAC, it does not have an established portfolio of products or services of its own. Its business is to identify a suitable company and complete a transaction that would bring that business into the public markets. Further details about its target industries, geographic focus and leadership are not included here because reliable information about those specifics is not available.