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

Burtech Acquisition Corp. (NASDAQ:BRKHW) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 94,400 shares, a decline of 7.7% from the July 15th total of 102,300 shares. Based on an average trading volume of 53,100 shares, the days-to-cover ratio is presently 1.8 days.

Burtech Acquisition Price Performance

Burtech Acquisition stock opened at $0.24 on Wednesday. Burtech Acquisition has a one year low of $0.01 and a one year high of $0.30. The company’s fifty day moving average price is $0.26 and its two-hundred day moving average price is $0.22.

Burtech Acquisition Company Profile

BurTech Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for target in the retail, lifestyle, hospitality, technology, and real estate markets.