Short Interest in New Providence Acquisition Corp. II (NASDAQ:NPABW) Grows By 54.0%

New Providence Acquisition Corp. II (NASDAQ:NPABW) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 27,100 shares, an increase of 54.0% from the August 31st total of 17,600 shares. Based on an average daily volume of 25,100 shares, the days-to-cover ratio is currently 1.1 days.

New Providence Acquisition Corp. II Stock Performance

NASDAQ NPABW opened at $0.05 on Friday. The business has a 50 day moving average price of $0.05 and a two-hundred day moving average price of $0.05. New Providence Acquisition Corp. II has a fifty-two week low of $0.02 and a fifty-two week high of $0.12.

New Providence Acquisition Corp. II Company Profile

New Providence Acquisition Corp. II does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses in the consumer industry. The company was incorporated in 2020 and is based in Austin, Texas.