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

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

New Providence Acquisition Corp. II Stock Performance

NASDAQ NPABW traded down $0.02 during mid-day trading on Friday, hitting $0.03. The company’s stock had a trading volume of 12,971 shares, compared to its average volume of 46,244. The company’s 50 day simple moving average is $0.05 and its 200 day simple moving average is $0.05. New Providence Acquisition Corp. II has a twelve month low of $0.02 and a twelve month high of $0.12.

About New Providence Acquisition Corp. II

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.