Neural network technology business BRN has seen its stock experience a rollercoaster ride over the last 12 months including a -10.7% fall year-to-date. With a market cap of over $1.1bn, BRN is certainly priced for success hence it’s not surprising that the “shorters” have been targeting the stock – over 6.5% of its equity is held short.
- We need to see consistent revenue as opposed to optimism before considering BRN.
MM is neutral to bearish BRN around 66c
Add To Hit List
