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 growth in short interest in the month of June. As of June 30th, there was short interest totaling 4,529 shares, a growth of 74.2% from the June 15th total of 2,600 shares. Based on an average daily volume of 2,908 shares, the short-interest ratio is currently 1.6 days.

Newbury Street II Acquisition Corp – Warrant Price Performance

NASDAQ NTWOW opened at $0.24 on Friday. Newbury Street II Acquisition Corp – Warrant has a one year low of $0.15 and a one year high of $0.54. The company has a 50-day simple moving average of $0.21 and a 200-day simple moving average of $0.22.

Wall Street Analyst Weigh In

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