Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Shares Shorted: Short Interest Down 73.0% in September

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,394 shares, a decrease of 73.0% from the August 31st total of 5,167 shares. Based on an average daily volume of 39,015 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

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

Newbury Street II Acquisition Corp – Warrant Price Performance

Shares of NASDAQ:NTWOW opened at $1.16 on Friday. Newbury Street II Acquisition Corp – Warrant has a 52 week low of $0.15 and a 52 week high of $1.94. The company’s 50 day moving average is $0.86 and its two-hundred day moving average is $0.43.

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.