Short Interest in Burtech Acquisition Corp. (NASDAQ:BRKH) Grows By 23.3%

Burtech Acquisition Corp. (NASDAQ:BRKH) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 5,300 shares, a growth of 23.3% from the October 31st total of 4,300 shares. Based on an average daily volume of 12,300 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRKH. Spartan Fund Management Inc. purchased a new position in shares of Burtech Acquisition during the 3rd quarter worth about $1,693,000. Clear Street LLC increased its stake in 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. Finally, Mizuho Securities USA LLC boosted its holdings 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 acquiring an additional 14,843 shares during the last quarter. Institutional investors own 97.12% of the company’s stock.

Burtech Acquisition Stock Performance

Shares of NASDAQ BRKH remained flat at $11.47 during mid-day trading on Friday. 2,707 shares of the stock were exchanged, compared to its average volume of 75,226. The stock has a 50 day moving average of $11.36 and a 200 day moving average of $11.24. Burtech Acquisition has a 52 week low of $10.65 and a 52 week high of $11.54.

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.