Burtech Acquisition Corp. (NASDAQ:BRKH) Short Interest Down 55.2% in October

Burtech Acquisition Corp. (NASDAQ:BRKH) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 4,300 shares, a decrease of 55.2% from the October 15th total of 9,600 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 15,900 shares, the days-to-cover ratio is currently 0.3 days.

Burtech Acquisition Stock Performance

NASDAQ:BRKH traded down $0.02 during mid-day trading on Friday, hitting $11.39. 6,242 shares of the stock traded hands, compared to its average volume of 12,352. The firm’s 50 day moving average is $11.33 and its two-hundred day moving average is $11.22. Burtech Acquisition has a 52 week low of $10.62 and a 52 week high of $11.41.

Hedge Funds Weigh In On Burtech Acquisition

A number of large investors have recently bought and sold shares of BRKH. Mizuho Securities USA LLC increased its stake 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 valued at $5,360,000 after buying an additional 14,843 shares during the period. Spartan Fund Management Inc. bought a new position in Burtech Acquisition in the third quarter worth about $1,693,000. Finally, Clear Street LLC boosted its holdings in shares of 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 buying an additional 1,880 shares in the last quarter. Hedge funds and other institutional investors 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.