Short Interest in Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Decreases By 70.8%

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 251 shares, a drop of 70.8% from the February 26th total of 861 shares. Based on an average daily trading volume, of 18,651 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 18,651 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Newbury Street II Acquisition Corp – Warrant in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Newbury Street II Acquisition Corp – Warrant presently has an average rating of “Sell”.

Newbury Street II Acquisition Corp – Warrant Price Performance

Shares of NASDAQ NTWOW remained flat at $0.20 during mid-day trading on Wednesday. 940 shares of the stock were exchanged, compared to its average volume of 21,142. The business has a fifty day moving average of $0.25 and a 200-day moving average of $0.26. Newbury Street II Acquisition Corp – Warrant has a 52-week low of $0.14 and a 52-week high of $0.54.

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.