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 large 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. Based on an average daily trading volume, of 161,886 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Range Capital Acquisition Corp II

Several institutional investors and hedge funds have recently modified their holdings of the company. Rivernorth Capital Management LLC acquired a new stake in Range Capital Acquisition Corp II during the first quarter worth approximately $3,995,000. Wealthspring Capital LLC acquired a new position in Range Capital Acquisition Corp II in the 3rd quarter valued at $3,658,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Range Capital Acquisition Corp II in the 1st quarter valued at $3,000,000. Periscope Capital Inc. purchased a new position in shares of Range Capital Acquisition Corp II during the 3rd quarter worth $2,293,000. Finally, Sona Asset Management US LLC purchased a new position in shares of Range Capital Acquisition Corp II during the 1st quarter worth $1,096,000.

Range Capital Acquisition Corp II Price Performance

Range Capital Acquisition Corp II stock opened at $10.23 on Thursday. The stock’s 50-day moving average is $10.19. Range Capital Acquisition Corp II has a 52 week low of $9.90 and a 52 week high of $10.22.

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 (EPS) for the quarter.

About Range Capital Acquisition Corp II

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.