Burtech Acquisition Corp. (NASDAQ:BRKH) Sees Large Decrease in Short Interest

Burtech Acquisition Corp. (NASDAQ:BRKH) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 4,800 shares, a decline of 9.4% from the August 31st total of 5,300 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 20,400 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Burtech Acquisition

Institutional investors have recently made changes to their positions in the stock. Clear Street LLC grew its position in Burtech Acquisition by 141.8% in the 2nd quarter. Clear Street LLC now owns 3,206 shares of the company’s stock valued at $36,000 after acquiring an additional 1,880 shares in the last quarter. K2 Principal Fund L.P. acquired a new position in shares of Burtech Acquisition in the fourth quarter worth $2,709,000. Finally, Berkley W R Corp raised its stake in shares of Burtech Acquisition by 110.1% in the fourth quarter. Berkley W R Corp now owns 522,205 shares of the company’s stock valued at $5,603,000 after acquiring an additional 273,630 shares in the last quarter. 97.12% of the stock is currently owned by institutional investors and hedge funds.

Burtech Acquisition Stock Performance

NASDAQ:BRKH remained flat at $11.28 on Friday. Burtech Acquisition has a 1-year low of $10.53 and a 1-year high of $11.31. The stock’s fifty day moving average price is $11.23 and its two-hundred day moving average price is $11.14.

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.