B&R Technology Merger Corp. (NASDAQ:BRTMU) Stock Short Interest Drops 63.1%

B&R Technology Merger Corp. (NASDAQ:BRTMU) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 234 shares, a decrease 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 currently 0.0 days.

B&R Technology Merger Stock Up 0.7%

NASDAQ:BRTMU traded up $0.07 during trading hours on Thursday, hitting $10.02. The company had a trading volume of 1,880 shares, compared to its average volume of 105,964. B&R Technology Merger has a 1 year low of $9.40 and a 1 year high of $10.72. The business’s 50-day moving average price is $9.97.

Analyst Ratings Changes

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

About B&R Technology Merger

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.