Newbridge Acquisition Limited (NASDAQ:NBRG – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,728 shares, an increase of 790.7% from the May 31st total of 194 shares. Based on an average daily volume of 1,267 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.0% of the shares of the stock are short sold.
Newbridge Acquisition Stock Performance
NASDAQ NBRG opened at $9.98 on Friday. The firm has a 50-day moving average of $9.94. Newbridge Acquisition has a 12 month low of $9.59 and a 12 month high of $9.99.
Wall Street Analyst Weigh In
Separately, Weiss Ratings assumed coverage on shares of Newbridge Acquisition in a research note on Tuesday, June 16th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.
About Newbridge Acquisition
Newbridge Acquisition Ltd is a blank check company.
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