Burtech Acquisition Corp. (NASDAQ:BRKH) Short Interest Up 100.0% in October

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

Institutional Trading of Burtech Acquisition

A hedge fund recently bought a new stake in Burtech Acquisition stock. Spartan Fund Management Inc. bought a new stake in Burtech Acquisition Corp. (NASDAQ:BRKH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 150,100 shares of the company’s stock, valued at approximately $1,693,000. Burtech Acquisition comprises approximately 5.1% of Spartan Fund Management Inc.’s portfolio, making the stock its 6th biggest holding. Spartan Fund Management Inc. owned about 0.99% of Burtech Acquisition at the end of the most recent quarter. Hedge funds and other institutional investors own 97.12% of the company’s stock.

Burtech Acquisition Price Performance

Burtech Acquisition stock traded up $0.02 during midday trading 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 price is $11.29 and its 200-day moving average price 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.