Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Short Interest Update

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,085 shares, a growth of 121.0% from the May 31st total of 491 shares. Based on an average daily volume of 483 shares, the days-to-cover ratio is presently 2.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Newbury Street II Acquisition Corp – Class A Ordinary Shares presently has an average rating of “Sell”.

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

NTWO opened at $10.66 on Thursday. The stock’s fifty day moving average is $10.62 and its 200-day moving average is $10.54. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a one year low of $10.29 and a one year high of $10.68.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last announced its earnings results on Tuesday, May 12th. The company reported $0.06 earnings per share for the quarter.

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

Several large investors have recently made changes to their positions in NTWO. Goldman Sachs Group Inc. purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 1st quarter worth about $4,396,000. Whitebox Advisors LLC acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the second quarter worth about $3,859,000. Hudson Bay Capital Management LP acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the second quarter worth about $8,995,000. Moore Capital Management LP purchased a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the second quarter worth approximately $2,058,000. Finally, Radcliffe Capital Management L.P. purchased a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the second quarter worth approximately $2,854,000.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Company Profile

Newbury Street II Acquisition Corp is a blank check company incorporated in Delaware in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not currently engage in commercial operations and intends to identify and acquire a target company.

The company completed its initial public offering and listing of its Class A ordinary shares on the Nasdaq under the symbol NTWO in early 2021.