Short Interest in New Providence Acquisition Corp. II (NASDAQ:NPAB) Decreases By 73.3%

New Providence Acquisition Corp. II (NASDAQ:NPABGet Free Report) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 400 shares, a decrease of 73.3% from the January 31st total of 1,500 shares. Based on an average daily volume of 10,400 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

New Providence Acquisition Corp. II Stock Performance

New Providence Acquisition Corp. II stock remained flat at $10.73 during trading on Wednesday. The company had a trading volume of 158 shares, compared to its average volume of 6,330. New Providence Acquisition Corp. II has a one year low of $10.32 and a one year high of $11.67. The business’s 50 day moving average is $10.69 and its 200-day moving average is $10.62.

Hedge Funds Weigh In On New Providence Acquisition Corp. II

Institutional investors have recently bought and sold shares of the stock. Parallax Volatility Advisers L.P. bought a new position in New Providence Acquisition Corp. II in the 3rd quarter worth $114,000. Royal Bank of Canada bought a new stake in New Providence Acquisition Corp. II during the first quarter valued at about $148,000. Centiva Capital LP bought a new stake in New Providence Acquisition Corp. II during the second quarter valued at about $305,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in New Providence Acquisition Corp. II during the first quarter valued at about $497,000. Finally, Walleye Trading LLC bought a new stake in New Providence Acquisition Corp. II during the first quarter valued at about $537,000. 18.03% of the stock is owned by institutional investors.

About New Providence Acquisition Corp. II

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for New Providence Acquisition Corp. II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Providence Acquisition Corp. II and related companies with MarketBeat.com's FREE daily email newsletter.