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

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

Newbury Street II Acquisition Corp – Class A Ordinary Shares Trading Up 0.1%

Shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock opened at $10.64 on Tuesday. The business’s 50 day moving average price is $10.62 and its 200 day moving average price is $10.53. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a one year low of $10.29 and a one year high of $10.68.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the first quarter valued at about $4,396,000. Whitebox Advisors LLC purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the second quarter worth about $3,859,000. Hudson Bay Capital Management LP purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the second quarter worth about $8,995,000. Moore Capital Management LP acquired a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter valued at about $2,058,000. Finally, Radcliffe Capital Management L.P. acquired a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter valued at about $2,854,000.

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 report on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Newbury Street II Acquisition Corp – Class A Ordinary Shares currently has an average rating of “Sell”.

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.