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

Posted by Caroline Horne on Dec 2nd, 2024

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

Burtech Acquisition Stock Up 0.2 %

BRKH stock traded up $0.02 during mid-day trading on Monday, hitting $11.49. The company had a trading volume of 13,893 shares, compared to its average volume of 21,046. Burtech Acquisition has a 12-month low of $10.65 and a 12-month high of $11.54. The company has a 50-day moving average price of $11.36 and a 200 day moving average price of $11.25.

Institutional Trading of Burtech Acquisition

Several hedge funds have recently bought and sold shares of BRKH. Clear Street LLC lifted its stake in Burtech Acquisition by 141.8% in the 2nd quarter. Clear Street LLC now owns 3,206 shares of the company’s stock worth $36,000 after purchasing an additional 1,880 shares in the last quarter. Spartan Fund Management Inc. bought a new stake in shares of Burtech Acquisition in the 3rd quarter worth about $1,693,000. Finally, Mizuho Securities USA LLC increased 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 worth $5,360,000 after buying an additional 14,843 shares during the last quarter. Hedge funds and other institutional investors own 97.12% of the company’s stock.

About Burtech Acquisition

(Get Free Report)

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.