NewHold Investment Corp. II (NASDAQ:NHICW – Get Free Report) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 100 shares, a drop of 78.7% from the August 31st total of 469 shares. Based on an average daily trading volume, of 33,464 shares, the days-to-cover ratio is currently 0.0 days.
NewHold Investment Corp. II Price Performance
NewHold Investment Corp. II stock remained flat at $0.98 during midday trading on Friday. NewHold Investment Corp. II has a one year low of $0.30 and a one year high of $2.94. The company has a 50 day simple moving average of $1.58 and a 200 day simple moving average of $1.34.
NewHold Investment Corp. II Company Profile
NewHold Investment Corp. II was a special purpose acquisition company (SPAC) formed to identify and combine with one or more operating businesses through a merger, share exchange, asset acquisition, or similar transaction. Unlike an operating company, its primary activities before a business combination consisted of evaluating potential acquisition targets and pursuing a transaction that could create a publicly traded operating business.
The company did not offer its own products or services to customers during its blank-check phase.
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