Short Interest in Rice Acquisition Corp. II (NYSE:RONI) Drops By 43.3%

Rice Acquisition Corp. II (NYSE:RONIGet Rating) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 8,900 shares, a decline of 43.3% from the April 30th total of 15,700 shares. Based on an average daily volume of 65,900 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Rice Acquisition Corp. II in the third quarter worth $496,000. HighTower Advisors LLC lifted its position in Rice Acquisition Corp. II by 16.0% during the 3rd quarter. HighTower Advisors LLC now owns 487,776 shares of the company’s stock worth $4,840,000 after buying an additional 67,161 shares in the last quarter. Sage Rock Capital Management LP bought a new stake in Rice Acquisition Corp. II during the 4th quarter worth about $2,653,000. Walleye Trading LLC acquired a new position in shares of Rice Acquisition Corp. II during the 4th quarter worth about $180,000. Finally, Walleye Capital LLC bought a new position in shares of Rice Acquisition Corp. II in the 4th quarter valued at about $317,000. 17.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of RONI stock traded up $0.01 on Friday, hitting $9.79. 73,365 shares of the stock were exchanged, compared to its average volume of 57,944. Rice Acquisition Corp. II has a fifty-two week low of $9.69 and a fifty-two week high of $10.75. The business has a 50-day moving average of $9.84 and a 200 day moving average of $9.91.

About Rice Acquisition Corp. II (Get Rating)

Rice Acquisition Corp. II is a special purpose acquisition company. It was incorporated in 2021 and is based in Carnegie, Pennsylvania.

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