Short Interest in Newbury Street Acquisition Co. (NASDAQ:NBSTW) Declines By 19.5%

Newbury Street Acquisition Co. (NASDAQ:NBSTW) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 16,100 shares, a decrease of 19.5% from the July 15th total of 20,000 shares. Based on an average daily trading volume, of 15,500 shares, the days-to-cover ratio is presently 1.0 days.

Newbury Street Acquisition Price Performance

NASDAQ NBSTW remained flat at $0.10 during mid-day trading on Friday. The company had a trading volume of 2,560 shares, compared to its average volume of 12,386. The stock has a 50-day moving average price of $0.08 and a 200 day moving average price of $0.07. Newbury Street Acquisition has a 12-month low of $0.02 and a 12-month high of $0.20.

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.