Burtech Acquisition Corp. (NASDAQ:BRKH – Get Rating) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 1,900 shares, a decrease of 68.3% from the July 15th total of 6,000 shares. Currently, 0.0% of the company's stock are short sold. Based on an average trading volume of 55,500 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Trading of Burtech Acquisition
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sage Mountain Advisors LLC acquired a new position in Burtech Acquisition during the first quarter worth approximately $198,000. Wealthspring Capital LLC purchased a new stake in shares of Burtech Acquisition in the first quarter valued at $205,000. Bank of Montreal Can acquired a new stake in shares of Burtech Acquisition during the first quarter valued at $218,000. Blackstone Inc. acquired a new position in Burtech Acquisition in the 1st quarter valued at about $235,000. Finally, Robinson Capital Management LLC purchased a new position in Burtech Acquisition in the 2nd quarter valued at about $263,000. Institutional investors and hedge funds own 36.12% of the company's stock.
Get Burtech Acquisition alerts:Burtech Acquisition Stock Performance
Shares of NASDAQ BRKH opened at $9.99 on Friday. The stock's 50-day simple moving average is $9.94. Burtech Acquisition has a fifty-two week low of $9.80 and a fifty-two week high of $10.00.
About Burtech Acquisition
(Get Rating)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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