Range Capital Acquisition Corp II (NASDAQ:RNGT) Sees Significant Growth in Short Interest

Range Capital Acquisition Corp II (NASDAQ:RNGT) saw a large increase in short interest in the month of 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,363 shares, the short-interest ratio is presently 0.6 days.

Range Capital Acquisition Corp II Trading Down 0.1%

Range Capital Acquisition Corp II stock traded down $0.01 during midday trading on Wednesday, hitting $10.10. The company’s stock had a trading volume of 54,821 shares, compared to its average volume of 36,840. Range Capital Acquisition Corp II has a 12 month low of $9.90 and a 12 month high of $10.13. The business’s 50-day simple moving average is $10.07.

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

Institutional Investors Weigh In On Range Capital Acquisition Corp II

Several large investors have recently modified their holdings of the stock. Rivernorth Capital Management LLC acquired a new stake in shares of Range Capital Acquisition Corp II during the first quarter worth $3,995,000. Sona Asset Management US LLC acquired a new position in shares of Range Capital Acquisition Corp II in the 1st quarter valued at $1,096,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Range Capital Acquisition Corp II in the 1st quarter worth about $3,000,000.

Wall Street Analyst Weigh In

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

Range Capital Acquisition Corp II Company Profile

Range Capital Acquisition Corp II is a blank check company.