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

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

Burtech Purchase Price Performance

Shares of Burtech Acquisition remained flat at $$11.28 during midday trading on Friday. The stock’s fifty day simple moving average is $11.23, and the 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 LP purchased a new position in Burtech Acquisition in the fourth quarter valued at approximately $2,709,000. Berkley WR Corp grew its stake in Burtech Acquisition by 110.1% during the 4th quarter. Berkley WR Corp now owns 522,205 shares of the company’s stock worth $5,603,000 after buying an additional 273,630 shares in 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 buying an additional 1,880 shares in the the last quarter. Hedge funds and other institutional investors own 97.12% of the company’s shares.

About Burtech Acquisition

(Get a free report)

Burtech Acquisition Corp. has no significant operations. The Company is focused on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It intends to acquire a business operating in the retail, lifestyle, hospitality, technology and real estate markets.

Further reading

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