Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Sees Significant Increase in Short Interest

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,529 shares, an increase of 74.2% from the June 15th total of 2,600 shares. Based on an average daily trading volume, of 2,908 shares, the short-interest ratio is presently 1.6 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Warrant in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Newbury Street II Acquisition Corp – Warrant has an average rating of “Sell”.

Newbury Street II Acquisition Corp – Warrant Stock Performance

NASDAQ NTWOW opened at $0.24 on Friday. Newbury Street II Acquisition Corp – Warrant has a 12 month low of $0.15 and a 12 month high of $0.54. The company’s 50 day simple moving average is $0.21 and its 200 day simple moving average is $0.22.

Newbury Street II Acquisition Corp is a special purpose acquisition company (SPAC) incorporated in Delaware in 2020. As a blank check company, its sole purpose is to raise capital through an initial public offering and use those funds to acquire or merge with one or more businesses. The company’s units, ordinary shares and warrants are listed on the Nasdaq under the symbols “NTWO,” “NTWOU” and “NTWOW,” respectively.

The warrants, trading under the symbol NTWOW, each entitle the holder to purchase one share of Newbury Street II Acquisition Corp’s Class A ordinary stock at an exercise price of $11.50 per share.