Burtech Acquisition Corp. (NASDAQ:BRKH – Get Free Report) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 4,300 shares, a decline of 55.2% from the October 15th total of 9,600 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 15,900 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Investors Weigh In On Burtech Acquisition
A number of hedge funds and other institutional investors have recently modified their holdings of BRKH. Clear Street LLC grew 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 valued at $36,000 after buying an additional 1,880 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of Burtech Acquisition by 3.2% in the third quarter. Mizuho Securities USA LLC now owns 477,327 shares of the company’s stock valued at $5,360,000 after acquiring an additional 14,843 shares during the period. Finally, Spartan Fund Management Inc. acquired a new stake in Burtech Acquisition during the 3rd quarter worth $1,693,000. 97.12% of the stock is currently owned by institutional investors and hedge funds.
Burtech Acquisition Trading Down 0.2 %
Shares of NASDAQ BRKH traded down $0.02 during trading on Friday, reaching $11.39. The stock had a trading volume of 6,242 shares, compared to its average volume of 12,352. The business’s 50-day moving average price is $11.33 and its 200-day moving average price is $11.22. Burtech Acquisition has a fifty-two week low of $10.62 and a fifty-two week high of $11.41.
Burtech Acquisition Company Profile
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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