Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Sees Significant Increase in Short Interest

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) saw a significant increase in short interest in 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 trading volume, of 3,704 shares, the short-interest ratio is presently 0.7 days.

Newbury Street II Acquisition Corp – Warrant Price Performance

Newbury Street II Acquisition Corp – Warrant stock opened at $0.18 on Friday. Newbury Street II Acquisition Corp – Warrant has a fifty-two week low of $0.15 and a fifty-two week high of $0.54. The stock’s fifty day moving average is $0.20 and its two-hundred day moving average is $0.23.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Warrant in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.