Burtech Acquisition Corp. (NASDAQ:BRKH) Sees Significant Increase in Short Interest

Burtech Acquisition Corp. (NASDAQ:BRKH) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 9,600 shares, an increase of 100.0% from the September 30th total of 4,800 shares. Based on an average daily volume of 15,900 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Burtech Acquisition stock. Clear Street LLC lifted its holdings in Burtech Acquisition Corp. (NASDAQ:BRKH) by 141.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,206 shares of the company’s stock after purchasing an additional 1,880 shares during the quarter. Clear Street LLC’s holdings in Burtech Acquisition were worth $36,000 as of its most recent filing with the SEC. Institutional investors own 97.12% of the company’s stock.

Burtech Acquisition Trading Up 0.2 %

Shares of NASDAQ:BRKH traded up $0.02 on Friday, hitting $11.37. The company’s stock had a trading volume of 279 shares, compared to its average volume of 12,878. Burtech Acquisition has a 12 month low of $10.57 and a 12 month high of $11.38. The stock’s 50-day moving average is $11.29 and its two-hundred day moving average is $11.19.

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.