Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Short Interest Down 64.3% in August

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 5,167 shares, a drop of 64.3% from the August 15th total of 14,468 shares. Based on an average trading volume of 389,346 shares, the short-interest ratio is presently 0.0 days.

Newbury Street II Acquisition Corp – Warrant Price Performance

Shares of NTWOW stock opened at $1.22 on Tuesday. Newbury Street II Acquisition Corp – Warrant has a 12-month low of $0.15 and a 12-month high of $1.94. The business has a 50 day simple moving average of $0.69 and a 200 day simple moving average of $0.37.

Analyst Ratings Changes

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