Range Capital Acquisition Corp II (NASDAQ:RNGT) Stock Short Interest Report for October

Range Capital Acquisition Corp II (NASDAQ:RNGT) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,284 shares, an increase of 538.0% from the September 30th total of 358 shares. Based on an average daily volume of 37,306 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

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

Range Capital Acquisition Corp II Stock Up 0.1%

NASDAQ:RNGT traded up $0.01 during trading hours on Wednesday, hitting $10.19. The company had a trading volume of 20,133 shares, compared to its average volume of 48,389. The company’s 50-day simple moving average is $10.18. Range Capital Acquisition Corp II has a 52 week low of $9.90 and a 52 week high of $10.20.

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

Hedge Funds Weigh In On Range Capital Acquisition Corp II

A number of institutional investors have recently bought and sold shares of RNGT. Rivernorth Capital Management LLC purchased a new stake in Range Capital Acquisition Corp II in the first quarter worth about $3,995,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Range Capital Acquisition Corp II during the 1st quarter valued at approximately $3,000,000. Sona Asset Management US LLC bought a new stake in Range Capital Acquisition Corp II during the 1st quarter valued at approximately $1,096,000. Lineage Point Capital LP grew its holdings in shares of Range Capital Acquisition Corp II by 200.0% during the 2nd quarter. Lineage Point Capital LP now owns 735,000 shares of the company’s stock worth $250,000 after acquiring an additional 490,000 shares during the period. Finally, Harraden Circle Investments LLC grew its holdings in shares of 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 acquiring an additional 150,651 shares during the period.

About Range Capital Acquisition Corp II

Range Capital Acquisition Corp II (NASDAQ:RNGT) is a special purpose acquisition company, or SPAC. The company was formed to pursue a business combination, such as a merger, acquisition, share exchange, or similar transaction, with one or more operating businesses.

Unlike an operating company, Range Capital Acquisition Corp II does not appear to manufacture products or provide ongoing commercial services of its own. Its activities primarily involve identifying a suitable target company, conducting due diligence and negotiations, and completing a transaction that would allow the target business to become publicly traded.

The company’s public materials provide limited information about a completed acquisition, operating business, geographic footprint, or specific target industry.