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

Burtech Acquisition Corp. (NASDAQ:BRKH) was the target of a significant 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. Based on an average daily volume of 47,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are short sold.

Burtech Acquisition Stock Up 15.4 %

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Spartan Fund Management Inc. acquired a new position in Burtech Acquisition in the third quarter valued at about $1,693,000. Mizuho Securities USA LLC raised its position in shares of Burtech Acquisition by 3.2% during the third quarter. Mizuho Securities USA LLC now owns 477,327 shares of the company’s stock worth $5,360,000 after purchasing an additional 14,843 shares during the period. Finally, Clear Street LLC lifted its holdings in shares of Burtech Acquisition by 141.8% during 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 in the last quarter. Institutional investors and hedge funds 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.