B&R Technology Merger Corp. (NASDAQ:BRTMU) Sees Large Drop in Short Interest

B&R Technology Merger Corp. (NASDAQ:BRTMU) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 234 shares, a decline of 63.1% from the September 30th total of 635 shares. Based on an average daily trading volume, of 18,551 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Wall Street Zen raised B&R Technology Merger to a “hold” rating in a research note on Saturday, July 25th.

B&R Technology Merger Stock Down 0.9%

B&R Technology Merger stock traded down $0.09 during mid-day trading on Friday, reaching $9.85. 3,883 shares of the company’s stock were exchanged, compared to its average volume of 104,141. B&R Technology Merger has a twelve month low of $9.40 and a twelve month high of $10.72. The stock’s fifty day simple moving average is $9.97.

B&R Technology Merger Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.