Burtech Acquisition Corp. (NASDAQ:BRKH) Shares Shorted: Short Interest Up 139.5% in September

Burtech Acquisition Corp. (NASDAQ:BRKH) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,523 shares, an increase of 139.5% from the September 15th total of 636 shares. Based on an average trading volume of 34,236 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Burtech Acquisition Stock Up 0.1%

Shares of BRKH opened at $10.01 on Thursday. The business’s 50 day moving average is $10.00 and its two-hundred day moving average is $5.78. Burtech Acquisition has a 52-week low of $9.80 and a 52-week high of $11.04.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on Burtech Acquisition in a report on Tuesday, October 6th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Burtech Acquisition Company Profile

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.