Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Short Interest Update

by · The Cerbat Gem

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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Newbury Street II Acquisition Corp – Warrant Trading Down 18.1%

NTWOW traded down $0.21 on Monday, reaching $0.95. The company’s stock had a trading volume of 35,058 shares, compared to its average volume of 68,204. Newbury Street II Acquisition Corp – Warrant has a 1 year low of $0.15 and a 1 year high of $1.94. The business’s 50 day moving average is $0.86 and its 200 day moving average is $0.43.

Newbury Street II Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Unlike a traditional operating company, the company’s activities primarily involve raising capital, evaluating potential merger or acquisition targets, and pursuing a transaction that would allow a target business to become publicly traded.

Newbury Street II Acquisition Corp. – Warrant represents a warrant security associated with the company’s public offering.

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