Burtech Acquisition Corp. (NASDAQ:BRKH - Get Free Report) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 4,300 shares, a drop of 55.2% from the October 15th total of 9,600 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 15,900 shares, the short-interest ratio is presently 0.3 days.
Hedge Funds Weigh In On Burtech Acquisition
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Clear Street LLC lifted its holdings in Burtech Acquisition by 141.8% during the 2nd quarter. Clear Street LLC now owns 3,206 shares of the company's stock valued at $36,000 after purchasing an additional 1,880 shares during the last quarter. Spartan Fund Management Inc. bought a new position in Burtech Acquisition during the 3rd quarter valued at about $1,693,000. Finally, Mizuho Securities USA LLC lifted its holdings in Burtech Acquisition by 3.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 477,327 shares of the company's stock valued at $5,360,000 after purchasing an additional 14,843 shares during the last quarter. 97.12% of the stock is owned by institutional investors.
Burtech Acquisition Stock Performance
Shares of NASDAQ:BRKH remained flat at $11.41 during midday trading on Wednesday. 34 shares of the stock were exchanged, compared to its average volume of 3,736. The business has a 50 day moving average price of $11.33 and a 200 day moving average price of $11.22. Burtech Acquisition has a one year low of $10.59 and a one year high of $11.41.
Burtech Acquisition Company Profile
(
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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.
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