Short Interest in Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Drops By 46.0%

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 612 shares, a drop of 46.0% from the June 30th total of 1,133 shares. Based on an average trading volume of 6,438 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Newbury Street II Acquisition Corp – Class A Ordinary Shares

A number of large investors have recently bought and sold shares of NTWO. Citadel Advisors LLC purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the third quarter worth approximately $106,000. ABC Arbitrage SA acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 4th quarter worth approximately $209,000. L1 Global Manager Pty Ltd acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 4th quarter worth approximately $1,043,000. Sona Asset Management US LLC acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 1st quarter worth approximately $1,764,000. Finally, Moore Capital Management LP purchased a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 2nd quarter valued at approximately $2,058,000.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Stock Up 0.2%

NTWO stock traded up $0.02 during midday trading on Thursday, hitting $10.71. 3,426 shares of the stock traded hands, compared to its average volume of 15,460. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 1-year low of $10.29 and a 1-year high of $10.74. The stock’s fifty day simple moving average is $10.67 and its 200-day simple moving average is $10.58.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.06 earnings per share for the quarter.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Company Profile

Newbury Street II Acquisition Corp is a blank check company incorporated in Delaware in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not currently engage in commercial operations and intends to identify and acquire a target company.

The company completed its initial public offering and listing of its Class A ordinary shares on the Nasdaq under the symbol NTWO in early 2021.