Burtech Acquisition Corp. (NASDAQ:BRKH) Short Interest Update

Burtech Acquisition Corp. (NASDAQ:BRKH) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 5,300 shares, an increase of 23.3% from the October 31st total of 4,300 shares. Based on an average daily volume of 12,300 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

Burtech Acquisition Price Performance

Shares of NASDAQ BRKH remained flat at $11.47 during trading on Friday. 2,707 shares of the stock traded hands, compared to its average volume of 75,226. The stock has a 50-day moving average of $11.36 and a 200-day moving average of $11.24. Burtech Acquisition has a one year low of $10.65 and a one year high of $11.54.

Institutional Investors Weigh In On Burtech Acquisition

Institutional investors have recently added to or reduced their stakes in the company. Spartan Fund Management Inc. acquired a new position in Burtech Acquisition during the third quarter valued at approximately $1,693,000. Mizuho Securities USA LLC grew its position in Burtech Acquisition by 3.2% in the third quarter. Mizuho Securities USA LLC now owns 477,327 shares of the company’s stock valued at $5,360,000 after acquiring an additional 14,843 shares in the last quarter. Finally, Clear Street LLC raised its stake in shares of Burtech Acquisition by 141.8% during the second quarter. Clear Street LLC now owns 3,206 shares of the company’s stock valued at $36,000 after purchasing an additional 1,880 shares during the period. Hedge funds and other institutional investors own 97.12% of the company’s stock.

Burtech Acquisition Company Profile

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.