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

Burtech Acquisition Corp. (NASDAQ:BRKH) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 11,500 shares, a decrease of 6.5% from the November 30th total of 12,300 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 47,200 shares, the days-to-cover ratio is presently 0.2 days.

Burtech Acquisition Stock Up 15.4 %

Shares of BRKH opened at $15.00 on Thursday. The company has a 50-day simple moving average of $11.94 and a 200-day simple moving average of $11.48. Burtech Acquisition has a 52 week low of $10.70 and a 52 week high of $29.61.

Institutional Trading of Burtech Acquisition

Institutional investors and hedge funds have recently modified their holdings of the company. Clear Street LLC boosted its stake in Burtech Acquisition by 141.8% during the second quarter. Clear Street LLC now owns 3,206 shares of the company’s stock worth $36,000 after buying an additional 1,880 shares in the last quarter. Spartan Fund Management Inc. bought a new position in shares of Burtech Acquisition during the 3rd quarter worth approximately $1,693,000. Finally, Mizuho Securities USA LLC boosted its stake in shares of Burtech Acquisition by 3.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 477,327 shares of the company’s stock valued at $5,360,000 after purchasing an additional 14,843 shares in the last quarter. 97.12% of the stock is currently owned by institutional investors.

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.