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 recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 612 shares, a decline of 46.0% from the June 30th total of 1,133 shares. Based on an average daily trading volume, of 6,438 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Newbury Street II Acquisition Corp – Class A Ordinary Shares

A number of institutional investors have recently bought and sold shares of the company. L1 Global Manager Pty Ltd acquired a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 4th quarter worth about $1,043,000. Wolverine Asset Management LLC lifted its stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares by 6.9% in the 4th quarter. Wolverine Asset Management LLC now owns 1,076,270 shares of the company’s stock valued at $11,225,000 after purchasing an additional 69,653 shares during the period. Sona Asset Management US LLC bought a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 1st quarter valued at about $1,764,000. Radcliffe Capital Management L.P. boosted its position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares by 21.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 414,038 shares of the company’s stock valued at $4,318,000 after purchasing an additional 73,601 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the fourth quarter worth approximately $209,000.

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

Newbury Street II Acquisition Corp – Class A Ordinary Shares stock remained flat at $10.74 during mid-day trading on Wednesday. 6 shares of the company’s stock traded hands, compared to its average volume of 15,460. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 52-week low of $10.29 and a 52-week high of $10.74. The firm’s 50 day moving average price is $10.67 and its two-hundred day moving average price is $10.58.

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

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, Based on data from MarketBeat.com, Newbury Street II Acquisition Corp – Class A Ordinary Shares has an average rating of “Sell”.

About Newbury Street II Acquisition Corp – Class A Ordinary Shares

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.