Burtech Acquisition Corp. (NASDAQ:BRKHW – Get Rating) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 164,500 shares, a drop of 12.7% from the February 28th total of 188,500 shares. Based on an average daily trading volume, of 72,600 shares, the days-to-cover ratio is currently 2.3 days.

Burtech Acquisition Price Performance

BRKHW remained flat at $0.05 during trading on Friday. 5 shares of the company's stock were exchanged, compared to its average volume of 99,700. Burtech Acquisition has a twelve month low of $0.00 and a twelve month high of $0.15. The business's 50-day simple moving average is $0.04 and its two-hundred day simple moving average is $0.03.

Institutional Investors Weigh In On Burtech Acquisition

Several large investors have recently made changes to their positions in the company. Verition Fund Management LLC bought a new stake in Burtech Acquisition in the first quarter worth $30,000. Walleye Capital LLC bought a new position in Burtech Acquisition during the first quarter valued at $35,000. Polar Asset Management Partners Inc. bought a new position in Burtech Acquisition during the first quarter valued at $44,000. Fir Tree Capital Management LP bought a new position in Burtech Acquisition during the first quarter valued at $71,000. Finally, Saba Capital Management L.P. bought a new position in Burtech Acquisition during the first quarter valued at $259,000.

Burtech Acquisition Company Profile

(Get Rating)

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.

Recommended Stories

• Get a free copy of the StockNews.com research report on Burtech Acquisition (BRKHW)
• MarketBeat Week in Review – 3/27 – 3/31
• What is a Gold IRA, and is it a Viable Investment?
• Is Braze Inc Ready To Rocket Higher?
• Mullen Automotive Makes Deliveries; Short-Squeeze Possible
• Can Frontline Maintain This Momentum?

Receive News & Ratings for Burtech Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burtech Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.