Newbury Street Acquisition Co. (NASDAQ:NBST – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,700 shares, a growth of 307.1% from the March 31st total of 1,400 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 5,400 shares, the short-interest ratio is presently 1.1 days.
Newbury Street Acquisition Stock Performance
NBST remained flat at $10.83 during mid-day trading on Thursday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 9,540. The stock has a 50 day moving average price of $10.82 and a two-hundred day moving average price of $10.72. Newbury Street Acquisition has a 52-week low of $10.25 and a 52-week high of $11.83.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. TrueMark Investments LLC bought a new position in Newbury Street Acquisition in the 4th quarter valued at $223,000. Wolverine Asset Management LLC bought a new position in shares of Newbury Street Acquisition in the 3rd quarter worth $621,000. Virtu Financial LLC bought a new position in shares of Newbury Street Acquisition in the 4th quarter worth $659,000. Cowen AND Company LLC bought a new position in shares of Newbury Street Acquisition in the 3rd quarter worth $1,418,000. Finally, Berkley W R Corp bought a new position in shares of Newbury Street Acquisition in the 4th quarter worth $2,640,000. 35.91% of the stock is currently owned by institutional investors.
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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