Burtech Acquisition Corp. (NASDAQ:BRKH – Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 636 shares, a drop of 56.4% from the August 31st total of 1,460 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 19,357 shares, the short-interest ratio is presently 0.0 days.
Burtech Acquisition Price Performance
BRKH traded up $0.02 during midday trading on Tuesday, hitting $10.04. 1,416 shares of the company were exchanged, compared to its average volume of 62,163. The company’s 50 day simple moving average is $9.98 and its 200 day simple moving average is $5.02. Burtech Acquisition has a 1-year low of $9.80 and a 1-year high of $11.04.
About Burtech Acquisition
BurTech Acquisition Corp. (NASDAQ: BRKH) was a special purpose acquisition company (SPAC) formed to identify and complete a merger, capital stock exchange, asset acquisition, or similar business combination with one or more operating companies. As a SPAC, its primary activities were pursuing a transaction and raising capital for that purpose rather than developing or selling products and services of its own.
BurTech announced a proposed business combination with Blaize, Inc, an artificial intelligence technology company focused on edge computing.
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