Burtech Acquisition Corp.'s (NASDAQ:BRKHW – Get Free Report) short interest increased significantly during the month June. On June 30, there were 58,200 shorted shares. This is an increase of 11,9% over the total of 52,000 on June 15. The days-to-cover is 5.4 days based on an average trading of 10,700 shares.
Burtech acquisition attracts institutional investors
A number of hedge funds and institutional investors have made recent changes to their holdings in the company. Saba Capital Management L.P. purchased a new Burtech Acquisition stake valued at approximately $259,000 in the first quarter. Fir Tree Capital Management LP purchased a new Burtech Acquisition stake in the first-quarter valued at approximately $71,000. Polar Asset Management Partners Inc. purchased a new Burtech Acquisition stake in the first quarter worth about $44,000. Walleye Capital LLC purchased a new Burtech Acquisition stake in the first-quarter valued at approximately $35,000. Verition Fund Management LLC also bought a stake in Burtech Acquisition during the first quarter, valued at around $30,000.
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Burtech Acquisition Price Performance
On Wednesday, shares of BRKHW remained unchanged at $0.02. The trading volume was 414 shares compared to the average volume of 67625. Burtech Acquisition's 12 month low is $0.00, and its 12 month high is $0.09. The 50-day moving average is $0.02, and the 200-day moving average is $0.03.
Burtech Acquisition Corp. is focused on a merger, a capital stock exchange or other business combination, such as an asset purchase, stock purchase or reorganization with one or several businesses in the technology industry of the Americas. The company was established in 2021 in Washington, District of Columbia.
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