Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Short Interest Update

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 612 shares, a decline of 46.0% from the June 30th total of 1,133 shares. Based on an average daily volume of 6,438 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Newbury Street II Acquisition Corp – Class A Ordinary Shares

A number of institutional investors have recently modified their holdings of the stock. Wolverine Asset Management LLC boosted its holdings in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares by 6.9% in the fourth quarter. Wolverine Asset Management LLC now owns 1,076,270 shares of the company’s stock valued at $11,225,000 after purchasing an additional 69,653 shares during the period. Hudson Bay Capital Management LP purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 2nd quarter worth $8,995,000. Goldman Sachs Group Inc. bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 1st quarter valued at $4,396,000. Radcliffe Capital Management L.P. raised its position in Newbury Street II Acquisition Corp – Class A Ordinary Shares by 21.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 414,038 shares of the company’s stock valued at $4,318,000 after purchasing an additional 73,601 shares in the last quarter. Finally, Whitebox Advisors LLC purchased a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter worth $3,859,000.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Price Performance

NTWO remained flat at $10.71 during trading hours on Friday. The company had a trading volume of 3,438 shares, compared to its average volume of 15,245. The company’s 50-day moving average price is $10.68 and its 200-day moving average price is $10.58. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a one year low of $10.29 and a one year high of $10.74.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last released its earnings results on Tuesday, May 12th. The company reported $0.06 earnings per share for the quarter.

About Newbury Street II Acquisition Corp – Class A Ordinary Shares

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.