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

Range Capital Acquisition Corp II (NASDAQ:RNGT) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 2,284 shares, a growth of 538.0% from the September 30th total of 358 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 37,306 shares, the days-to-cover ratio is currently 0.1 days.

Range Capital Acquisition Corp II Stock Performance

RNGT traded up $0.02 on Thursday, reaching $10.19. The company’s stock had a trading volume of 624 shares, compared to its average volume of 48,048. Range Capital Acquisition Corp II has a 1 year low of $9.90 and a 1 year high of $10.20. The firm has a 50 day moving average of $10.18.

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

Institutional Trading of Range Capital Acquisition Corp II

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

Analyst Upgrades and Downgrades

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

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.