Burtech Acquisition Corp. (NASDAQ:BRKH) Sees Significant Growth in Short Interest

Burtech Acquisition Corp. (NASDAQ:BRKH - Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 9,600 shares, an increase of 100.0% from the September 30th total of 4,800 shares. Currently, 0.2% of the company's shares are sold short. Based on an average daily volume of 15,900 shares, the short-interest ratio is presently 0.6 days.

Burtech Acquisition Stock Performance

Shares of NASDAQ:BRKH traded up $0.02 during midday trading on Friday, hitting $11.37. 279 shares of the stock were exchanged, compared to its average volume of 12,878. The business's 50-day moving average price is $11.29 and its 200 day moving average price is $11.19. Burtech Acquisition has a 12 month low of $10.57 and a 12 month high of $11.38.

Hedge Funds Weigh In On Burtech Acquisition

A hedge fund recently raised its stake in Burtech Acquisition stock. Clear Street LLC increased its stake in Burtech Acquisition Corp. (NASDAQ:BRKH - Free Report) by 141.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,206 shares of the company's stock after acquiring an additional 1,880 shares during the quarter. Clear Street LLC's holdings in Burtech Acquisition were worth $36,000 at the end of the most recent reporting period. 97.12% of the stock is currently owned by institutional investors.

About Burtech Acquisition

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.