New Providence Acquisition Corp. II (NASDAQ:NPAB - Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 500 shares, a decrease of 16.7% from the September 30th total of 600 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is presently 0.5 days.
New Providence Acquisition Corp. II Price Performance
Shares of NASDAQ:NPAB traded down $0.67 during trading on Monday, reaching $11.50. The company had a trading volume of 1,700 shares, compared to its average volume of 631. The company has a fifty day moving average of $12.18 and a two-hundred day moving average of $12.08. New Providence Acquisition Corp. II has a 12 month low of $10.49 and a 12 month high of $14.73.
Hedge Funds Weigh In On New Providence Acquisition Corp. II
A number of institutional investors have recently made changes to their positions in the stock. Robinson Capital Management LLC boosted its position in New Providence Acquisition Corp. II by 3,546.3% during the 1st quarter. Robinson Capital Management LLC now owns 20,930 shares of the company's stock valued at $227,000 after buying an additional 20,356 shares during the period. Karpus Management Inc. purchased a new stake in shares of New Providence Acquisition Corp. II in the 1st quarter worth about $283,000. Mizuho Securities USA LLC purchased a new stake in shares of New Providence Acquisition Corp. II in the 1st quarter worth about $659,000. K2 Principal Fund L.P. purchased a new stake in shares of New Providence Acquisition Corp. II in the 1st quarter worth about $1,077,000. Finally, Berkley W R Corp purchased a new stake in shares of New Providence Acquisition Corp. II in the 1st quarter worth about $2,233,000.
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.
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