Short Interest in Burtech Acquisition Corp. (NASDAQ:BRKHW) Expands By 6.1%

Burtech Acquisition Corp. (NASDAQ:BRKHW) saw a significant growth in short interest in 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 daily trading volume, of 83,000 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On Burtech Acquisition

Several hedge funds have recently bought and sold shares of the stock. Radcliffe Capital Management L.P. purchased a new stake in shares of Burtech Acquisition in the first quarter valued at $1,484,000. Verition Fund Management LLC purchased a new stake in shares of Burtech Acquisition in the first quarter valued at $30,000. Walleye Capital LLC purchased a new stake in shares of Burtech Acquisition in the first quarter valued at $35,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Burtech Acquisition in the first quarter valued at $44,000. Finally, Fir Tree Capital Management LP purchased a new stake in shares of Burtech Acquisition in the first quarter valued at $71,000.

Burtech Acquisition Stock Performance

Burtech Acquisition stock traded up $0.00 during mid-day trading on Tuesday, hitting $0.20. 13,174 shares of the company were exchanged, compared to its average volume of 83,701. The business’s 50 day simple moving average is $0.16 and its two-hundred day simple moving average is $0.08. Burtech Acquisition has a 12-month low of $0.01 and a 12-month high of $0.21.

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.