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

Range Capital Acquisition Corp II (NASDAQ:RNGT) was the recipient of a large growth in short interest during the month of 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 37,306 shares, the days-to-cover ratio is currently 0.1 days.

Range Capital Acquisition Corp II Stock Up 0.1%

Shares of RNGT stock traded up $0.01 during trading hours on Tuesday, reaching $10.19. 566,765 shares of the company traded hands, compared to its average volume of 105,523. The stock’s 50-day moving average price is $10.17. Range Capital Acquisition Corp II has a 12-month low of $9.90 and a 12-month high of $10.20.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Range Capital Acquisition Corp II

Institutional investors and hedge funds have recently modified their holdings of the stock. Lineage Point Capital LP increased its position in 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 valued at $250,000 after acquiring an additional 490,000 shares during the last quarter. Rivernorth Capital Management LLC purchased a new stake in Range Capital Acquisition Corp II in the 1st quarter worth about $3,995,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Range Capital Acquisition Corp II in the first quarter worth about $3,000,000. Harraden Circle Investments LLC boosted its position in shares of Range Capital Acquisition Corp II by 40.2% during 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 during the period. Finally, Sona Asset Management US LLC bought a new position in shares of Range Capital Acquisition Corp II during the first quarter valued at approximately $1,096,000.

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.