Range Capital Acquisition Corp II (NASDAQ:RNGT) Short Interest Update

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

Range Capital Acquisition Corp II Trading Down 0.1%

RNGT traded down $0.01 during trading on Wednesday, reaching $10.10. 54,821 shares of the stock traded hands, compared to its average volume of 36,840. The firm’s 50-day moving average price is $10.07. Range Capital Acquisition Corp II has a fifty-two week low of $9.90 and a fifty-two week high of $10.13.

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

Institutional Trading of Range Capital Acquisition Corp II

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

Analyst Upgrades and Downgrades

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

About Range Capital Acquisition Corp II

Range Capital Acquisition Corp II is a blank check company.