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

Posted by Lisa Durand on Dec 2nd, 2024

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

Institutional Investors Weigh In On Burtech Acquisition

Several hedge funds have recently modified their holdings of the business. Clear Street LLC lifted its position in shares of 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 during the period. Mizuho Securities USA LLC lifted its position 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 purchasing an additional 14,843 shares during the period. Finally, Spartan Fund Management Inc. purchased a new stake in shares of Burtech Acquisition in the 3rd quarter worth approximately $1,693,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

Burtech Acquisition Price Performance

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

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.