Range Capital Acquisition Corp. (NASDAQ:RANG) Short Interest Update

Range Capital Acquisition Corp. (NASDAQ:RANG) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,558 shares, a growth of 235.7% from the July 30th total of 1,060 shares. Based on an average daily trading volume, of 1,583 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Range Capital Acquisition

Several large investors have recently made changes to their positions in RANG. Harraden Circle Investments LLC purchased a new stake in shares of Range Capital Acquisition during the fourth quarter valued at $3,320,000. Whitebox Advisors LLC purchased a new stake in shares of Range Capital Acquisition in the 2nd quarter valued at approximately $2,550,000. Governors Lane LP acquired a new position in Range Capital Acquisition in the 4th quarter worth approximately $2,609,000. Sona Asset Management US LLC purchased a new position in Range Capital Acquisition during the 1st quarter worth approximately $1,839,000. Finally, K2 Principal Fund L.P. acquired a new stake in Range Capital Acquisition during the 4th quarter valued at $1,231,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Range Capital Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Range Capital Acquisition has a consensus rating of “Sell”.

Range Capital Acquisition Stock Performance

NASDAQ RANG opened at $10.79 on Friday. Range Capital Acquisition has a fifty-two week low of $10.25 and a fifty-two week high of $11.66. The business has a 50 day moving average price of $10.72 and a two-hundred day moving average price of $10.61.

Range Capital Acquisition (NASDAQ:RANG) last issued its earnings results on Thursday, August 13th. The company reported $0.05 EPS for the quarter.

About Range Capital Acquisition

Range Capital Acquisition Corp is a publicly traded special purpose acquisition company (SPAC) listed on the NASDAQ under the symbol RANG. The company was formed to raise capital through an initial public offering with the goal of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a blank?check vehicle, it does not currently operate any underlying business but seeks to identify a suitable target that aligns with its investment criteria.

The SPAC is sponsored by Range Capital Partners, a private equity firm with a background in investing across industrial, energy and infrastructure sectors.