The trading price of Burgundy Technology Acquisition Corporation (NASDAQ:BTAQ) floating lower at last check on Wednesday, Jan 13, closing at $11.03, -0.14% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $11.00 and $11.36. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $11.2 and a 52-week low of $9.64. Over the past month, the stock has gained 11.64% in value.
An evaluation of the daily trading volume of Burgundy Technology Acquisition Corporation (NASDAQ:BTAQ) indicates that the 3-month average is 423.21 Million. However, this figure has declined over the past 10 days to an average of 1.37 Million.
Currently, records show that 35.56 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 0.03%. The stats also highlight that short interest as of December 14, 2020, stood at 175.2 Million shares, resulting in a short ratio of 0.82 at that time. From this, we can conclude that short interest is 0.4% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 18.98 Million. However, since the stock’s price has seen +5.96% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
Even if you’re not actively in crypto, you deserve to know what’s actually going on..
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets are already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.