Burtech Acquisition Corp. (NASDAQ:BRKHW) Short Interest Update

Burtech Acquisition Corp. (NASDAQ:BRKHW) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 132,700 shares, a growth of 6.1% from the March 15th total of 125,100 shares. Based on an average trading volume of 83,000 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On Burtech Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the stock. Saba Capital Management L.P. bought a new position in shares of Burtech Acquisition in the first quarter valued at approximately $259,000. Fir Tree Capital Management LP bought a new position in Burtech Acquisition in the 1st quarter valued at $71,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Burtech Acquisition during the 1st quarter valued at $44,000. Walleye Capital LLC bought a new stake in shares of Burtech Acquisition during the 1st quarter worth $35,000. Finally, Verition Fund Management LLC purchased a new position in shares of Burtech Acquisition in the 1st quarter worth about $30,000.

Burtech Acquisition Trading Down 5.1 %

Shares of NASDAQ BRKHW opened at $0.20 on Thursday. Burtech Acquisition has a 1 year low of $0.01 and a 1 year high of $0.21. The company has a 50-day moving average price of $0.17 and a 200-day moving average price of $0.09.

About Burtech Acquisition

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.