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

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

Burtech Acquisition Price Performance

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

Institutional Investors Weigh In On Burtech Acquisition

Institutional investors have recently added to or reduced their stakes in the business. K2 Principal Fund L.P. purchased a new position in Burtech Acquisition in the fourth quarter valued at approximately $2,709,000. Berkley W R Corp grew its stake in Burtech Acquisition by 110.1% during the 4th quarter. Berkley W R Corp now owns 522,205 shares of the company’s stock worth $5,603,000 after buying an additional 273,630 shares during the last quarter. Finally, Clear Street LLC raised 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 purchasing an additional 1,880 shares during the last quarter. Hedge funds and other institutional investors own 97.12% of the company’s stock.

About Burtech Acquisition

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.