Burtech Acquisition Corp. (NASDAQ:BRKHW) Sees Large Drop in Short Interest

Burtech Acquisition Corp. (NASDAQ:BRKHW) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 12,700 shares, a decrease of 68.5% from the October 15th total of 40,300 shares. Based on an average daily volume of 58,300 shares, the days-to-cover ratio is currently 0.2 days.

Burtech Acquisition Price Performance

Shares of BRKHW traded down $0.01 during trading hours on Thursday, hitting $0.11. The company had a trading volume of 140,300 shares, compared to its average volume of 88,957. The business has a fifty day moving average of $0.19 and a 200-day moving average of $0.23. Burtech Acquisition has a 12 month low of $0.01 and a 12 month high of $0.30.

Burtech Acquisition Company Profile

BurTech Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for target in the retail, lifestyle, hospitality, technology, and real estate markets.