Burtech Acquisition Corp. (NASDAQ:BRKH) Short Interest Update

Burtech Acquisition Corp. (NASDAQ:BRKH) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 5,600 shares, a decrease of 45.1% from the March 31st total of 10,200 shares. Based on an average daily trading volume, of 2,400 shares, the short-interest ratio is currently 2.3 days. Approximately 0.0% of the company’s shares are sold short.

Burtech Acquisition Trading Down 0.2 %

Shares of BRKH stock traded down $0.02 on Friday, reaching $11.01. 1,398 shares of the stock were exchanged, compared to its average volume of 5,235. The firm has a 50 day moving average of $10.95 and a two-hundred day moving average of $10.79. Burtech Acquisition has a 1-year low of $10.20 and a 1-year high of $11.24.

Institutional Trading of Burtech Acquisition

A number of institutional investors and hedge funds have recently made changes to their positions in BRKH. Wolverine Asset Management LLC acquired a new stake in shares of Burtech Acquisition during the 4th quarter worth $26,000. Spartan Fund Management Inc. purchased a new stake in Burtech Acquisition during the 4th quarter worth $218,000. Radcliffe Capital Management L.P. boosted its position in Burtech Acquisition by 8.1% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 163,373 shares of the company’s stock worth $1,728,000 after purchasing an additional 12,273 shares during the period. K2 Principal Fund L.P. purchased a new stake in Burtech Acquisition during the 4th quarter worth $2,709,000. Finally, Mizuho Securities USA LLC boosted its position in Burtech Acquisition by 14.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 458,561 shares of the company’s stock worth $4,769,000 after purchasing an additional 58,561 shares during the period. 97.12% of the stock is currently owned by institutional investors and hedge funds.

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.