Burtech Acquisition Corp. (NASDAQ:BRKHW – Get Rating) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 209,400 shares, a growth of 469.0% from the November 15th total of 36,800 shares. Based on an average trading volume of 46,900 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Trading of Burtech Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Verition Fund Management LLC purchased a new stake in Burtech Acquisition during the first quarter worth $30,000. Clear Street LLC purchased a new stake in Burtech Acquisition during the first quarter worth $33,000. Walleye Capital LLC purchased a new stake in Burtech Acquisition during the first quarter worth $35,000. Q Global Advisors LLC purchased a new stake in Burtech Acquisition during the first quarter worth $38,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in Burtech Acquisition during the first quarter worth $44,000.

Burtech Acquisition Price Performance

Shares of NASDAQ:BRKHW remained flat at $0.03 during midday trading on Monday. 18,400 shares of the stock were exchanged, compared to its average volume of 89,106. Burtech Acquisition has a 1 year low of $0.01 and a 1 year high of $0.25. The firm has a fifty day moving average price of $0.03 and a two-hundred day moving average price of $0.06.

Burtech Acquisition Company Profile

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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