Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Sees Significant Drop in Short Interest

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 251 shares, a decline of 70.8% from the February 26th total of 861 shares. Based on an average daily trading volume, of 18,651 shares, the short-interest ratio is currently 0.0 days.

Newbury Street II Acquisition Corp – Warrant Stock Performance

Shares of NASDAQ:NTWOW traded down $0.02 during mid-day trading on Friday, reaching $0.18. 100 shares of the company were exchanged, compared to its average volume of 20,138. Newbury Street II Acquisition Corp – Warrant has a 1 year low of $0.14 and a 1 year high of $0.54. The firm’s 50-day simple moving average is $0.25 and its 200 day simple moving average is $0.26.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Newbury Street II Acquisition Corp – Warrant in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently 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.