Range Capital Acquisition Corp II (NASDAQ:RNGT) Shares Shorted: Short Interest Down 74.3% in October

Range Capital Acquisition Corp II (NASDAQ:RNGT) was the recipient of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 586 shares, a decrease of 74.3% from the October 15th total of 2,284 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 161,886 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Wealthspring Capital LLC acquired a new stake in Range Capital Acquisition Corp II during the third quarter worth about $3,658,000. 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 acquiring an additional 150,651 shares during the period. Lineage Point Capital LP boosted its stake 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 period. Rivernorth Capital Management LLC acquired a new position in Range Capital Acquisition Corp II in the first quarter valued at approximately $3,995,000. Finally, Sona Asset Management US LLC acquired a new position in Range Capital Acquisition Corp II in the first quarter valued at approximately $1,096,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Range Capital Acquisition Corp II in a research note on Friday, October 30th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Range Capital Acquisition Corp II presently has a consensus rating of “Sell”.

Range Capital Acquisition Corp II Stock Down 0.1%

NASDAQ RNGT traded down $0.01 on Friday, hitting $10.21. 217 shares of the stock traded hands, compared to its average volume of 47,704. The company has a 50-day moving average price of $10.19. Range Capital Acquisition Corp II has a twelve month low of $9.90 and a twelve month high of $10.22.

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

Range Capital Acquisition Corp II Company Profile

Range Capital Acquisition Corp II is a special purpose acquisition company, or SPAC, formed to pursue a merger, acquisition or similar business combination with an operating company. As a SPAC, it does not have an established portfolio of products or services of its own. Its business is to identify a suitable company and complete a transaction that would bring that business into the public markets. Further details about its target industries, geographic focus and leadership are not included here because reliable information about those specifics is not available.