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) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 19,625 shares, a growth of 3,187.3% from the August 15th total of 597 shares. Based on an average trading volume of 1,219,306 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Newbury Street II Acquisition Corp – Class A Ordinary Shares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hudson Bay Capital Management LP bought a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter valued at $8,995,000. Goldman Sachs Group Inc. purchased a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 1st quarter valued at $4,396,000. Whitebox Advisors LLC bought a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 2nd quarter worth $3,859,000. Radcliffe Capital Management L.P. bought a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 2nd quarter worth $2,854,000. Finally, Moore Capital Management LP purchased a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter worth about $2,058,000.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Stock Down 0.7%

Shares of NASDAQ NTWO traded down $0.08 during mid-day trading on Thursday, reaching $10.90. 153,559 shares of the company’s stock traded hands, compared to its average volume of 221,417. The business has a 50-day simple moving average of $10.87 and a 200 day simple moving average of $10.68. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 1-year low of $10.29 and a 1-year high of $12.14.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Newbury Street II Acquisition Corp – Class A Ordinary Shares presently 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.