Burtech Acquisition Corp. (NASDAQ:BRKHW) Sees Large Growth in Short Interest

Burtech Acquisition Corp. (NASDAQ:BRKHW) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 132,700 shares, an increase 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.

Burtech Acquisition Price Performance

BRKHW opened at $0.21 on Wednesday. Burtech Acquisition has a 12 month low of $0.01 and a 12 month high of $0.21. The stock has a fifty day moving average price of $0.16 and a 200-day moving average price of $0.09.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BRKHW. Radcliffe Capital Management L.P. acquired a new position in Burtech Acquisition during the 1st quarter valued at about $1,484,000. Verition Fund Management LLC acquired a new position in Burtech Acquisition during the 1st quarter valued at about $30,000. Walleye Capital LLC acquired a new position in Burtech Acquisition during the 1st quarter valued at about $35,000. Polar Asset Management Partners Inc. purchased a new stake in Burtech Acquisition during the 1st quarter valued at about $44,000. Finally, Fir Tree Capital Management LP purchased a new stake in Burtech Acquisition during the 1st quarter valued at about $71,000.

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.