Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Short Interest Up 74.2% in June

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,529 shares, an increase of 74.2% from the June 15th total of 2,600 shares. Based on an average daily trading volume, of 2,908 shares, the days-to-cover ratio is presently 1.6 days.

Analyst Upgrades and Downgrades

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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Newbury Street II Acquisition Corp – Warrant Stock Performance

NTWOW stock opened at $0.24 on Friday. Newbury Street II Acquisition Corp – Warrant has a 52-week low of $0.15 and a 52-week high of $0.54. The company’s 50 day simple moving average is $0.21 and its 200-day simple moving average is $0.22.

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.