Newbury Street Acquisition Co. (NASDAQ:NBST) Short Interest Up 50.0% in July

Newbury Street Acquisition Co. (NASDAQ:NBST) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 900 shares, a growth of 50.0% from the June 30th total of 600 shares. Based on an average trading volume of 2,700 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Newbury Street Acquisition

A hedge fund recently bought a new stake in Newbury Street Acquisition stock. Virtu Financial LLC bought a new position in shares of Newbury Street Acquisition Co. (NASDAQ:NBST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 62,212 shares of the company’s stock, valued at approximately $659,000. Virtu Financial LLC owned approximately 1.06% of Newbury Street Acquisition at the end of the most recent quarter. 35.91% of the stock is currently owned by institutional investors and hedge funds.

Newbury Street Acquisition Stock Down 0.5 %

NASDAQ NBST traded down $0.05 on Monday, hitting $10.85. 515 shares of the company’s stock were exchanged, compared to its average volume of 11,831. The stock has a 50-day moving average of $10.89 and a 200-day moving average of $10.83. Newbury Street Acquisition has a 52 week low of $10.43 and a 52 week high of $11.83.

Newbury Street Acquisition Company Profile

Newbury Street Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on technology business in the consumer internet or media space, including sports and entertainment verticals.