Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW – Get Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 2,600 shares, a growth of 571.8% from the May 31st total of 387 shares. Based on an average trading volume of 3,704 shares, the short-interest ratio is currently 0.7 days.
Newbury Street II Acquisition Corp – Warrant Price Performance
NASDAQ:NTWOW traded down $0.00 on Friday, hitting $0.18. The company’s stock had a trading volume of 1,470 shares, compared to its average volume of 12,206. The stock has a fifty day moving average of $0.20 and a two-hundred day moving average of $0.23. Newbury Street II Acquisition Corp – Warrant has a one year low of $0.15 and a one year high of $0.54.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Warrant in a research report on Tuesday, June 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company 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.
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