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

Range Capital Acquisition Corp II (NASDAQ:RNGT) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 448 shares, a drop of 67.9% from the April 30th total of 1,396 shares. Based on an average trading volume of 7,818 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Range Capital Acquisition Corp II Price Performance

RNGT stock opened at $10.11 on Monday. Range Capital Acquisition Corp II has a 1-year low of $9.90 and a 1-year high of $10.11.

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

Institutional Trading of Range Capital Acquisition Corp II

A number of hedge funds have recently modified their holdings of RNGT. Rivernorth Capital Management LLC bought a new stake in shares of Range Capital Acquisition Corp II during the 1st quarter worth about $3,995,000. Sona Asset Management US LLC bought a new stake in shares of Range Capital Acquisition Corp II during the first quarter worth approximately $1,096,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Range Capital Acquisition Corp II during the first quarter worth approximately $3,000,000.

Range Capital Acquisition Corp II Company Profile

Range Capital Acquisition Corp II is a blank check company.