Short Interest in Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Declines By 64.3%

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,167 shares, a drop of 64.3% from the August 15th total of 14,468 shares. Based on an average daily trading volume, of 389,346 shares, the short-interest ratio is presently 0.0 days.

Newbury Street II Acquisition Corp – Warrant Price Performance

NTWOW traded down $0.10 during trading on Friday, reaching $1.15. 51,962 shares of the stock were exchanged, compared to its average volume of 72,537. Newbury Street II Acquisition Corp – Warrant has a twelve month low of $0.15 and a twelve month high of $1.94. The stock’s 50 day moving average price is $0.67 and its two-hundred day moving average price is $0.36.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Newbury Street II Acquisition Corp – Warrant from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.