Burtech Acquisition Corp. (NASDAQ:BRKH – Get Rating) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 1,900 shares, a decline of 68.3% from the July 15th total of 6,000 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 55,500 shares, the short-interest ratio is presently 0.0 days.

Burtech Acquisition Stock Performance

BRKH stock opened at $9.99 on Friday. The business's 50 day simple moving average is $9.94. Burtech Acquisition has a one year low of $9.80 and a one year high of $10.00.

Hedge Funds Weigh In On Burtech Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of BRKH. Saba Capital Management L.P. purchased a new position in Burtech Acquisition during the 1st quarter valued at about $19,164,000. Context Capital Management LLC bought a new position in shares of Burtech Acquisition during the first quarter valued at approximately $10,385,000. Karpus Management Inc. purchased a new stake in Burtech Acquisition in the first quarter worth $8,930,000. Highbridge Capital Management LLC bought a new stake in Burtech Acquisition in the first quarter valued at $8,173,000. Finally, MMCAP International Inc. SPC purchased a new position in Burtech Acquisition during the 1st quarter valued at $7,418,000. 36.12% of the stock is owned by institutional investors.

Burtech Acquisition Company Profile

Burtech Acquisition Corp. does not have significant operations. The company focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire a business, which operates in the retail, lifestyle, hospitality, technology, and real estate markets.

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