Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Shares Shorted: Short Interest Down 73.0% in September

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,394 shares, a decline of 73.0% from the August 31st total of 5,167 shares. Based on an average daily volume of 39,015 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Newbury Street II Acquisition Corp – Warrant Stock Up 12.6%

NASDAQ NTWOW traded up $0.13 on Friday, hitting $1.16. 10,002 shares of the company were exchanged, compared to its average volume of 68,576. The stock has a fifty day moving average of $0.86 and a 200-day moving average of $0.43. Newbury Street II Acquisition Corp – Warrant has a 12 month low of $0.15 and a 12 month high of $1.94.

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.