Short Interest in Burtech Acquisition Corp. (NASDAQ:BRKH) Expands By 11.5%

Burtech Acquisition Corp. (NASDAQ:BRKH) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 6,800 shares, a growth of 11.5% from the July 15th total of 6,100 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Burtech Acquisition

Several large investors have recently added to or reduced their stakes in BRKH. Clear Street LLC boosted its holdings 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 buying an additional 1,880 shares during the last quarter. Berkley W R Corp boosted its stake in shares of Burtech Acquisition by 110.1% during the fourth quarter. Berkley W R Corp now owns 522,205 shares of the company’s stock valued at $5,603,000 after purchasing an additional 273,630 shares during the period. K2 Principal Fund L.P. purchased a new stake in Burtech Acquisition in the fourth quarter worth $2,709,000. Mizuho Securities USA LLC grew its position in shares of Burtech Acquisition by 10.1% in the 4th quarter. Mizuho Securities USA LLC now owns 504,990 shares of the company’s stock worth $5,403,000 after buying an additional 46,429 shares during the period. Finally, Spartan Fund Management Inc. bought a new position in shares of Burtech Acquisition during the fourth quarter valued at $218,000. Institutional investors own 97.12% of the company’s stock.

Burtech Acquisition Price Performance

Shares of BRKH remained flat at $11.20 during trading hours on Friday. 10 shares of the stock traded hands, compared to its average volume of 9,897. Burtech Acquisition has a 52 week low of $10.47 and a 52 week high of $11.24. The business’s fifty day simple moving average is $11.17 and its 200-day simple moving average is $11.05.

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.