Burtech Acquisition Corp. (NASDAQ:BRKHW – Get Rating) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 28,000 shares, an increase of 25.6% from the July 15th total of 22,300 shares. Based on an average trading volume of 20,600 shares, the short-interest ratio is currently 1.4 days.

Burtech Acquisition Trading Down 1.2 %

BRKHW stock opened at $0.08 on Monday. The firm has a 50-day moving average of $0.09. Burtech Acquisition has a 1 year low of $0.07 and a 1 year high of $0.25.

Institutional Investors Weigh In On Burtech Acquisition

A number of hedge funds have recently bought and sold shares of BRKHW. Clear Street LLC raised its position in shares of Burtech Acquisition by 1,029.8% during the 2nd quarter. Clear Street LLC now owns 2,652,007 shares of the company's stock worth $274,000 after acquiring an additional 2,417,273 shares in the last quarter. Saba Capital Management L.P. acquired a new stake in shares of Burtech Acquisition during the 1st quarter worth about $259,000. Context Capital Management LLC acquired a new stake in shares of Burtech Acquisition during the 1st quarter worth about $148,000. Highbridge Capital Management LLC acquired a new stake in shares of Burtech Acquisition during the 1st quarter worth about $149,000. Finally, Yakira Capital Management Inc. acquired a new stake in shares of Burtech Acquisition during the 2nd quarter worth about $83,000.

About Burtech Acquisition

Burtech Acquisition Corp. focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in technology industry in the Americas. The company was founded in 2021 and is based in Washington, District of Columbia.

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