B&R Technology Merger Corp. (NASDAQ:BRTMU) Stock Short Interest Falls 84.6%

B&R Technology Merger Corp. (NASDAQ:BRTMU) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 36 shares, a drop of 84.6% from the October 15th total of 234 shares. Based on an average daily trading volume, of 827 shares, the days-to-cover ratio is currently 0.0 days.

B&R Technology Merger Stock Performance

Shares of NASDAQ BRTMU opened at $9.91 on Wednesday. B&R Technology Merger has a 1 year low of $9.40 and a 1 year high of $10.72. The stock’s 50-day simple moving average is $9.96.

Analysts Set New Price Targets

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

About B&R Technology Merger

B&R Technology Merger is a special purpose acquisition company, or SPAC. Its purpose is to identify and combine with one or more businesses through a merger, share exchange, asset acquisition, or similar transaction. As a SPAC, B&R Technology Merger does not have its own established operating business, products, or services to describe. Its activities center on seeking and completing a business combination. I could not verify further details about its target industry focus, geographic scope, or leadership.