Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Short Interest Up 121.0% in June

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,085 shares, an increase of 121.0% from the May 31st total of 491 shares. Based on an average daily volume of 483 shares, the days-to-cover ratio is presently 2.2 days.

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

Shares of NTWO traded up $0.02 during mid-day trading on Wednesday, reaching $10.66. The stock had a trading volume of 643 shares, compared to its average volume of 16,126. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 12 month low of $10.29 and a 12 month high of $10.68. The business has a fifty day moving average of $10.62 and a 200 day moving average of $10.54.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Newbury Street II Acquisition Corp – Class A Ordinary Shares currently has a consensus rating of “Sell”.

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

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

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.