Range Capital Acquisition Corp II (NASDAQ:RNGT – Get Free Report) saw a significant growth in short interest in 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. Based on an average daily volume of 37,306 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
Analyst Ratings Changes
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 analyst has rated the stock with a Sell rating. According to data from MarketBeat, Range Capital Acquisition Corp II presently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on Range Capital Acquisition Corp II
Range Capital Acquisition Corp II Price Performance
Range Capital Acquisition Corp II stock traded up $0.01 during mid-day trading on Tuesday, hitting $10.19. 566,765 shares of the company’s stock traded hands, compared to its average volume of 105,523. Range Capital Acquisition Corp II has a fifty-two week low of $9.90 and a fifty-two week high of $10.20. The company has a 50 day moving average of $10.17.
Range Capital Acquisition Corp II (NASDAQ:RNGT – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter.
Hedge Funds Weigh In On Range Capital Acquisition Corp II
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harraden Circle Investments LLC lifted its position in shares of Range Capital Acquisition Corp II by 40.2% in the 2nd quarter. Harraden Circle Investments LLC now owns 525,177 shares of the company’s stock worth $179,000 after purchasing an additional 150,651 shares during the period. Lineage Point Capital LP boosted its stake in Range Capital Acquisition Corp II by 200.0% during the 2nd quarter. Lineage Point Capital LP now owns 735,000 shares of the company’s stock valued at $250,000 after purchasing an additional 490,000 shares during the last quarter. Rivernorth Capital Management LLC bought a new stake in shares of Range Capital Acquisition Corp II in the 1st quarter worth $3,995,000. Sona Asset Management US LLC bought a new stake in Range Capital Acquisition Corp II during the first quarter worth $1,096,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Range Capital Acquisition Corp II during the 1st quarter valued at approximately $3,000,000.
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.
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