Short Interest in Range Capital Acquisition Corp II (NASDAQ:RNGT) Declines By 67.9%

Range Capital Acquisition Corp II (NASDAQ:RNGT) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 448 shares, a decline of 67.9% from the April 30th total of 1,396 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,818 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of 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, Based on data from MarketBeat.com, Range Capital Acquisition Corp II has an average rating of “Sell”.

Range Capital Acquisition Corp II Stock Up 0.4%

Range Capital Acquisition Corp II stock traded up $0.04 during trading hours on Friday, reaching $10.11. 17,323 shares of the company were exchanged, compared to its average volume of 4,493. Range Capital Acquisition Corp II has a 12 month low of $9.90 and a 12 month high of $10.11.

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

Institutional Inflows and Outflows

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

Range Capital Acquisition Corp II Company Profile

Range Capital Acquisition Corp II is a blank check company.