Short Interest in Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Decreases By 64.3%

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 5,167 shares, a decline of 64.3% from the August 15th total of 14,468 shares. Based on an average daily volume of 389,346 shares, the days-to-cover ratio is currently 0.0 days.

Newbury Street II Acquisition Corp – Warrant Stock Down 8.0%

Shares of NTWOW traded down $0.10 during trading hours on Friday, reaching $1.15. The stock had a trading volume of 51,962 shares, compared to its average volume of 72,537. Newbury Street II Acquisition Corp – Warrant has a 12 month low of $0.15 and a 12 month high of $1.94. The company’s 50-day moving average is $0.67 and its two-hundred day moving average is $0.36.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Newbury Street II Acquisition Corp – Warrant from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.