Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Sees Large Increase in Short Interest

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 19,625 shares, an increase of 3,187.3% from the August 15th total of 597 shares. Based on an average trading volume of 1,219,306 shares, the short-interest ratio is presently 0.0 days.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Trading Down 0.7%

Shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock opened at $10.90 on Friday. The company’s fifty day simple moving average is $10.87 and its 200-day simple moving average is $10.68. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 1-year low of $10.29 and a 1-year high of $12.14.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.01 earnings per share (EPS) for the quarter.

Institutional Trading of Newbury Street II Acquisition Corp – Class A Ordinary Shares

A number of hedge funds have recently added to or reduced their stakes in NTWO. Citadel Advisors LLC purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter worth $106,000. ABC Arbitrage SA acquired a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 4th quarter worth approximately $209,000. Robinson Capital Management LLC grew its position in Newbury Street II Acquisition Corp – Class A Ordinary Shares by 78.7% during the second quarter. Robinson Capital Management LLC now owns 27,250 shares of the company’s stock valued at $290,000 after buying an additional 12,000 shares during the period. L1 Global Manager Pty Ltd purchased a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 4th quarter valued at about $1,043,000. Finally, 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.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Newbury Street II Acquisition Corp – Class A Ordinary Shares from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

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.