Newbury Street Acquisition Co. (NASDAQ:NBST – Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,700 shares, a growth of 307.1% from the March 31st total of 1,400 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 5,400 shares, the short-interest ratio is currently 1.1 days.
Newbury Street Acquisition Stock Performance
Shares of NBST stock remained flat at $10.83 during trading hours on Thursday. 1 shares of the stock traded hands, compared to its average volume of 9,540. The firm has a 50 day moving average price of $10.82 and a 200 day moving average price of $10.72. Newbury Street Acquisition has a 12-month low of $10.25 and a 12-month high of $11.83.
Hedge Funds Weigh In On Newbury Street Acquisition
Several large investors have recently modified their holdings of the business. TrueMark Investments LLC acquired a new stake in shares of Newbury Street Acquisition during the fourth quarter worth $223,000. Wolverine Asset Management LLC acquired a new stake in Newbury Street Acquisition in the third quarter worth $621,000. Virtu Financial LLC acquired a new stake in Newbury Street Acquisition in the fourth quarter worth $659,000. Cowen AND Company LLC acquired a new stake in Newbury Street Acquisition in the third quarter worth $1,418,000. Finally, Berkley W R Corp acquired a new stake in Newbury Street Acquisition in the fourth quarter worth $2,640,000. Institutional investors own 35.91% of the company’s stock.
About Newbury Street Acquisition
Newbury Street Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on technology business in the consumer internet or media space, including sports and entertainment verticals.
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