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

B&R Technology Merger Corp. (NASDAQ:BRTMU) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 569 shares, a drop of 48.8% from the July 30th total of 1,112 shares. Based on an average daily volume of 93,420 shares, the short-interest ratio is currently 0.0 days.

B&R Technology Merger Price Performance

Shares of NASDAQ:BRTMU remained flat at $9.97 on Friday. The stock had a trading volume of 4 shares, compared to its average volume of 180,095. B&R Technology Merger has a fifty-two week low of $9.94 and a fifty-two week high of $10.00.

Institutional Trading of B&R Technology Merger

A hedge fund recently bought a new position in B&R Technology Merger stock. Bank of New York Mellon Corp acquired a new position in shares of B&R Technology Merger Corp. (NASDAQ:BRTMU) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 143,241 shares of the company’s stock, valued at approximately $2,495,000.

Analyst Upgrades and Downgrades

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

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.