Range Capital Acquisition Corp. (NASDAQ:RANG) Short Interest Up 235.7% in August

Range Capital Acquisition Corp. (NASDAQ:RANG) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 3,558 shares, a growth of 235.7% from the July 30th total of 1,060 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,583 shares, the short-interest ratio is presently 2.2 days.

Range Capital Acquisition Trading Up 0.1%

RANG stock traded up $0.02 during trading hours on Thursday, hitting $10.82. 57,153 shares of the stock traded hands, compared to its average volume of 30,367. The stock has a 50-day simple moving average of $10.72 and a 200 day simple moving average of $10.61. Range Capital Acquisition has a one year low of $10.25 and a one year high of $11.66.

Range Capital Acquisition (NASDAQ:RANG) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.05 earnings per share for the quarter.

Institutional Investors Weigh In On Range Capital Acquisition

Institutional investors and hedge funds have recently modified their holdings of the stock. Glazer Capital LLC acquired a new stake in Range Capital Acquisition in the 4th quarter worth approximately $104,000. Jane Street Group LLC bought a new stake in Range Capital Acquisition during the 2nd quarter worth about $112,000. Radcliffe Capital Management L.P. bought a new position in shares of Range Capital Acquisition in the 2nd quarter valued at about $188,000. Virtu Financial LLC acquired a new stake in shares of Range Capital Acquisition during the 4th quarter worth approximately $444,000. Finally, Moore Capital Management LP acquired a new position in Range Capital Acquisition in the second quarter valued at approximately $925,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Range Capital Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Range Capital Acquisition currently has an average rating of “Sell”.

About Range Capital Acquisition

Range Capital Acquisition Corp is a publicly traded special purpose acquisition company (SPAC) listed on the NASDAQ under the symbol RANG. The company was formed to raise capital through an initial public offering with the goal of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a blank?check vehicle, it does not currently operate any underlying business but seeks to identify a suitable target that aligns with its investment criteria.

The SPAC is sponsored by Range Capital Partners, a private equity firm with a background in investing across industrial, energy and infrastructure sectors.