Range Capital Acquisition Corp. (NASDAQ:RANG) Short Interest Up 471.6% in April

Range Capital Acquisition Corp. (NASDAQ:RANG) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 846 shares, a growth of 471.6% from the April 15th total of 148 shares. Based on an average daily trading volume, of 20,591 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Range Capital Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Range Capital Acquisition during the 4th quarter worth $444,000. Rivernorth Capital Management LLC increased its stake in Range Capital Acquisition by 28.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 399,765 shares of the company’s stock worth $4,166,000 after buying an additional 88,836 shares during the period. Governors Lane LP acquired a new position in Range Capital Acquisition during the 4th quarter worth $2,609,000. K2 Principal Fund L.P. acquired a new position in Range Capital Acquisition during the 4th quarter worth $1,231,000. Finally, Glazer Capital LLC acquired a new position in Range Capital Acquisition during the 4th quarter worth $104,000.

Range Capital Acquisition Stock Down 0.1%

Range Capital Acquisition stock opened at $10.59 on Friday. Range Capital Acquisition has a 12-month low of $10.12 and a 12-month high of $11.63. The firm’s fifty day moving average price is $10.55 and its 200 day moving average price is $10.49.

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

Range Capital Acquisition Company Profile

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.