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

Range Capital Acquisition Corp II (NASDAQ:RNGT) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 358 shares, a drop of 57.3% from the September 15th total of 838 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 46,203 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Range Capital Acquisition Corp II

A number of large investors have recently modified their holdings of RNGT. Harraden Circle Investments LLC lifted its holdings in Range Capital Acquisition Corp II by 40.2% during the 2nd quarter. Harraden Circle Investments LLC now owns 525,177 shares of the company’s stock worth $179,000 after buying an additional 150,651 shares in the last quarter. Lineage Point Capital LP increased its stake in shares of Range Capital Acquisition Corp II by 200.0% in the 2nd 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 period. Rivernorth Capital Management LLC acquired a new stake in shares of Range Capital Acquisition Corp II in the 1st quarter valued at $3,995,000. Sona Asset Management US LLC acquired a new position in shares of Range Capital Acquisition Corp II during the first quarter valued at $1,096,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Range Capital Acquisition Corp II during the first quarter valued at $3,000,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Range Capital Acquisition Corp II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Range Capital Acquisition Corp II Stock Performance

Range Capital Acquisition Corp II stock traded down $0.01 on Tuesday, reaching $10.20. The company’s stock had a trading volume of 19,010 shares, compared to its average volume of 36,282. The company’s fifty day moving average is $10.16. Range Capital Acquisition Corp II has a twelve month low of $9.90 and a twelve month high of $10.20.

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

About Range Capital Acquisition Corp II

Range Capital Acquisition Corp. II is a blank-check company, also known as a special purpose acquisition company (SPAC), organized to pursue a business combination with one or more operating businesses.

The company does not have significant operating activities, products or services of its own. Its primary objective is to identify a suitable merger, acquisition, share exchange, reorganization or similar transaction that would allow a target company to become publicly traded.

Because Range Capital Acquisition Corp.