Short Interest in Range Capital Acquisition Corp II (NASDAQ:RNGT) Grows By 86.6%

Range Capital Acquisition Corp II (NASDAQ:RNGT) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 836 shares, an increase of 86.6% from the May 31st total of 448 shares. Based on an average trading volume of 1,363 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

Range Capital Acquisition Corp II Stock Performance

NASDAQ:RNGT opened at $10.09 on Friday. The stock’s fifty day moving average price is $10.07. Range Capital Acquisition Corp II has a 52-week low of $9.90 and a 52-week high of $10.13.

Range Capital Acquisition Corp II (NASDAQ:RNGT) last released its earnings results on Thursday, May 14th. The company reported $0.06 EPS for the quarter.

Institutional Trading of Range Capital Acquisition Corp II

Several institutional investors and hedge funds have recently added to or reduced their stakes in RNGT. Sona Asset Management US LLC acquired a new position in Range Capital Acquisition Corp II during the 1st quarter valued at about $1,096,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Range Capital Acquisition Corp II during the 1st quarter worth approximately $3,000,000. Finally, Rivernorth Capital Management LLC bought a new stake in shares of Range Capital Acquisition Corp II during the first quarter worth approximately $3,995,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Range Capital Acquisition Corp II from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Range Capital Acquisition Corp II Company Profile

Range Capital Acquisition Corp II is a blank check company.