Short Interest in Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Increases By 3,187.3%

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) was the recipient of a large growth in short interest in the month of 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 short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded 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, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

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

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

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

Shares of NASDAQ:NTWO traded down $0.08 during trading on Thursday, hitting $10.90. 153,559 shares of the company were exchanged, compared to its average volume of 221,417. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 52-week low of $10.29 and a 52-week high of $12.14. The stock has a 50 day moving average of $10.87 and a 200 day moving average of $10.68.

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

Newbury Street II Acquisition Corp – Class A Ordinary Shares Company Profile

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.