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

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) was the target of a large increase in short interest in 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 volume of 2,908 shares, the days-to-cover ratio is currently 1.6 days.

Newbury Street II Acquisition Corp – Warrant Price Performance

NASDAQ NTWOW remained flat at $0.24 during mid-day trading 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 stock has a 50 day moving average price of $0.21 and a 200-day moving average price of $0.22.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Warrant in a report on Tuesday, June 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average 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.