Newbury Street Acquisition Co. (NASDAQ:NBST) Sees Large Decline in Short Interest

Key Points

• Newbury Street Acquisition Co. (NASDAQ:NBST) experienced a significant decline in short interest by 40.0%, decreasing from 500 shares to just 300 shares as of September 30th.
• The company's stock opened at $20.00 and has a fifty-two week trading range of $10.02 to $20.00.
• Newbury Street Acquisition does not currently have significant operations and is exploring potential business combinations within the technology sector, particularly in consumer internet and media.

Newbury Street Acquisition Co. (NASDAQ:NBST - ) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 300 shares, a decline of 40.0% from the September 15th total of 500 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Newbury Street Acquisition Price Performance

Shares of NASDAQ NBST opened at $20.00 on Tuesday. The company has a 50 day simple moving average of $17.41 and a two-hundred day simple moving average of $14.15. Newbury Street Acquisition has a fifty-two week low of $10.02 and a fifty-two week high of $20.00.

About Newbury Street Acquisition

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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