B&R Technology Merger Corp. (NASDAQ:BRTMU) Short Interest Update

B&R Technology Merger Corp. (NASDAQ:BRTMU) was the recipient of a large drop in short interest in 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 trading volume of 93,420 shares, the days-to-cover ratio is presently 0.0 days.

B&R Technology Merger Price Performance

BRTMU stock opened at $9.97 on Tuesday. B&R Technology Merger has a twelve month low of $9.94 and a twelve month high of $10.00.

Analyst Upgrades and Downgrades

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

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 bought a new stake in shares of B&R Technology Merger Corp. (NASDAQ:BRTMU) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 143,241 shares of the company’s stock, valued at approximately $2,495,000.

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.