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

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Warrant in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Newbury Street II Acquisition Corp – Warrant Price Performance

Shares of NTWOW stock opened at $0.18 on Friday. The business’s fifty day moving average price is $0.20 and its 200 day moving average price is $0.23. Newbury Street II Acquisition Corp – Warrant has a 1-year low of $0.15 and a 1-year high of $0.54.

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.