What's Going On With Bruush Oral Care (BRSH) Stock?

Bruush Oral Care, Inc. BRSH shares are rocketing higher Thursday after falling dramatically on Wednesday. Here's a look at what's going on.

The Details:

BRSH is moving higher on very heavy trading volume. According to Benzinga Pro, more than 34 million shares have been traded in the session, compared to the stock's 100-day average of just under 428 thousand shares.

On Wednesday, Bruush Oral Care filed a report with the SEC detailing an agreement with specific warrant holders allowing them to exercise warrants, which were initially issued in a $3 million private placement.

The holders will acquire 633,026 shares at a price of $3.33 each. This move not only grants the holders the shares, but also offers additional funding to Bruush Oral Care. The company has also agreed to issue more warrants to these investors, enabling them to purchase an additional 1,582,566 company shares. These new warrants hold an expiration date of June 9, 2028.

Bruush Oral Care shares have garnered the attention of retail investors and short sellers alike. BRSH is currently one of the top trending tickers on Yahoo! Finance and 58.21% of available shares are being sold short, according to Benzinga Pro. BRSH has a low float of only 451,454 shares.

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BRSH Price Action: According to Benzinga Pro, Bruush Oral Care shares are up by 81% at $3.14 at the time of publication.

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