NewHold Investment Corp. II (NASDAQ:NHICW) Sees Significant Drop in Short Interest

NewHold Investment Corp. II (NASDAQ:NHICW) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 669 shares, a decrease of 34.2% from the July 30th total of 1,017 shares. Based on an average trading volume of 4,673 shares, the days-to-cover ratio is currently 0.1 days.

NewHold Investment Corp. II Price Performance

Shares of NASDAQ:NHICW traded up $0.20 during trading hours on Tuesday, hitting $1.70. The stock had a trading volume of 54,005 shares, compared to its average volume of 69,373. NewHold Investment Corp. II has a 1-year low of $0.27 and a 1-year high of $2.94. The stock’s fifty day simple moving average is $1.88 and its 200 day simple moving average is $1.23.

NewHold Investment Corp. II Company Profile

NewHold Investment Corp. II is a blank check company. It intends to complete a business combination with an industrial technology business. The company was incorporated in 2021 and is based in Houston, Texas.