Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Short Interest Update

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW – Get Free Report) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 14,468 shares, an increase of 177.9% from the July 30th total of 5,206 shares. Based on an average daily volume of 11,740 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analyst Weigh In

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

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Newbury Street II Acquisition Corp – Warrant Trading Down 3.7%

NTWOW traded down $0.05 on Friday, reaching $1.30. The company’s stock had a trading volume of 72,371 shares, compared to its average volume of 74,840. Newbury Street II Acquisition Corp – Warrant has a 1 year low of $0.15 and a 1 year high of $1.94. The business’s 50 day moving average is $0.47 and its 200 day moving average is $0.30.

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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