Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Stock Short Interest Report for October

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 2,079 shares, a decline of 93.0% from the September 30th total of 29,843 shares. Based on an average trading volume of 419,464 shares, the days-to-cover ratio is presently 0.0 days.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Stock Performance

Shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock traded down $0.01 during trading on Monday, reaching $10.82. The company’s stock had a trading volume of 27,265 shares, compared to its average volume of 243,831. The stock has a 50-day moving average price of $10.95 and a two-hundred day moving average price of $10.76. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a one year low of $10.29 and a one year high of $12.14.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.01 EPS for the quarter.

Hedge Funds Weigh In On Newbury Street II Acquisition Corp – Class A Ordinary Shares

A number of institutional investors have recently modified their holdings of the stock. Sona Asset Management US LLC acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the first quarter worth approximately $1,764,000. T3 Companies LLC bought a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the third quarter valued at approximately $1,182,000. Finally, Robinson Capital Management LLC grew its stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares by 78.7% during the second quarter. Robinson Capital Management LLC now owns 27,250 shares of the company’s stock valued at $290,000 after purchasing an additional 12,000 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Newbury Street II Acquisition Corp – Class A Ordinary Shares from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Newbury Street II Acquisition Corp – Class A Ordinary Shares presently has a consensus rating of “Sell”.

About Newbury Street II Acquisition Corp – Class A Ordinary Shares

Newbury Street II Acquisition Corp. is a special purpose acquisition company (SPAC) that was formed to pursue a business combination with one or more operating companies. Its potential transactions may include a merger, share exchange, acquisition of assets, reorganization, or a similar corporate combination.

As a blank-check company, Newbury Street II does not operate a commercial business and does not offer products or services of its own. Its primary activities involve identifying a prospective target, conducting due diligence, and seeking shareholder approval for a proposed transaction.

The company’s Class A ordinary shares trade on the Nasdaq under the symbol NTWO.