Range Capital Acquisition Corp II (NASDAQ:RNGT) Short Interest Update

Range Capital Acquisition Corp II (NASDAQ:RNGT) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 836 shares, an increase of 86.6% from the May 31st total of 448 shares. Based on an average daily volume of 1,363 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Range Capital Acquisition Corp II

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RNGT. Rivernorth Capital Management LLC acquired a new position in shares of Range Capital Acquisition Corp II during the 1st quarter valued at $3,995,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Range Capital Acquisition Corp II during the first quarter worth $3,000,000. Finally, Sona Asset Management US LLC acquired a new stake in Range Capital Acquisition Corp II during the first quarter valued at $1,096,000.

Range Capital Acquisition Corp II Price Performance

Shares of NASDAQ RNGT traded down $0.02 during midday trading on Thursday, reaching $10.09. 54,821 shares of the stock were exchanged, compared to its average volume of 31,589. The firm has a 50-day moving average price of $10.07. Range Capital Acquisition Corp II has a twelve month low of $9.90 and a twelve month high of $10.13.

Range Capital Acquisition Corp II (NASDAQ:RNGT) last posted its earnings results on Thursday, May 14th. The company reported $0.06 EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Range Capital Acquisition Corp II from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

About Range Capital Acquisition Corp II

Range Capital Acquisition Corp II is a blank check company.