Short Interest in Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Rises By 571.8%

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,600 shares, an increase of 571.8% from the May 31st total of 387 shares. Based on an average daily volume of 3,704 shares, the short-interest ratio is presently 0.7 days.

Newbury Street II Acquisition Corp – Warrant Trading Down 0.1%

Shares of NTWOW traded down $0.00 during mid-day trading on Friday, reaching $0.18. The company’s stock had a trading volume of 1,470 shares, compared to its average volume of 12,206. Newbury Street II Acquisition Corp – Warrant has a 12-month low of $0.15 and a 12-month high of $0.54. The company’s 50 day moving average is $0.20 and its 200 day moving average is $0.23.

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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Newbury Street II Acquisition Corp – Warrant presently has an average 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.