Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Short Interest Down 64.3% in August

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 5,167 shares, a decrease of 64.3% from the August 15th total of 14,468 shares. Based on an average daily volume of 389,346 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded 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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Newbury Street II Acquisition Corp – Warrant Stock Performance

NASDAQ NTWOW traded up $0.07 on Monday, reaching $1.22. The stock had a trading volume of 61,894 shares, compared to its average volume of 72,405. The firm has a fifty day moving average of $0.67 and a two-hundred day moving average of $0.36. Newbury Street II Acquisition Corp – Warrant has a 1-year low of $0.15 and a 1-year 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.