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

Range Capital Acquisition Corp II (NASDAQ:RNGT) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 358 shares, a decline of 57.3% from the September 15th total of 838 shares. Based on an average daily volume of 46,203 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Range Capital Acquisition Corp II

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

Range Capital Acquisition Corp II Price Performance

NASDAQ RNGT traded up $0.02 on Wednesday, hitting $10.22. 19,010 shares of the company’s stock were exchanged, compared to its average volume of 40,143. The business has a 50-day moving average price of $10.17. 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 earnings results on Thursday, August 13th. The company reported $0.06 earnings per share for the quarter.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.