Short Interest in Newbury Street Acquisition Co. (NASDAQ:NBST) Increases By 75.0%

Newbury Street Acquisition Co. (NASDAQ:NBST - Get Free Report) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,400 shares, a growth of 75.0% from the March 15th total of 800 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 5,600 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Newbury Street Acquisition

Large investors have recently made changes to their positions in the business. Nomura Holdings Inc. bought a new position in Newbury Street Acquisition in the fourth quarter valued at about $71,000. Centiva Capital LP bought a new position in Newbury Street Acquisition in the second quarter valued at about $159,000. BlackRock Inc. bought a new position in Newbury Street Acquisition in the third quarter valued at about $221,000. TrueMark Investments LLC bought a new position in Newbury Street Acquisition in the fourth quarter valued at about $223,000. Finally, Bank of Montreal Can bought a new position in Newbury Street Acquisition in the second quarter valued at about $223,000. Institutional investors own 35.91% of the company's stock.

Newbury Street Acquisition Price Performance

Shares of NBST stock traded down $0.01 during trading hours on Friday, hitting $10.83. 100 shares of the company's stock were exchanged, compared to its average volume of 17,670. The stock's 50-day moving average is $10.82 and its 200-day moving average is $10.71. Newbury Street Acquisition has a 52 week low of $10.25 and a 52 week high of $11.83.

Newbury Street Acquisition Company Profile

Newbury Street Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on technology business in the consumer internet or media space, including sports and entertainment verticals.

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