Newbury Street Acquisition Co. (NASDAQ:NBST) Sees Large Decline in Short Interest
Newbury Street Acquisition Co. (NASDAQ:NBST) experienced a significant decline in short interest in September, with a total of 300 shares short as of September 30, down 40% from 500 shares on September 15. The short-interest ratio is currently ∞ days due to an average trading volume of 0 shares. The company's stock opened at $20.00, with a 52-week range of $10.02 to $20.00. Newbury Street Acquisition focuses on potential mergers and acquisitions in the technology sector, particularly in consumer internet and media.
Newbury Street Acquisition Co. (NASDAQ:NBST - Get Free Report) 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
(Get Free Report)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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