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

Burtech Acquisition Corp. (NASDAQ:BRKH) saw a large 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 stock are short sold. Based on an average daily volume of 7,300 shares, the short-interest ratio is currently 0.9 days.

Burtech Acquisition Stock Performance

Shares of BRKH stock 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 twelve month low of $10.47 and a twelve month high of $11.24. The firm has a 50 day moving average price of $11.17 and a 200-day moving average price of $11.05.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wolverine Asset Management LLC bought a new position in Burtech Acquisition during the fourth quarter worth $26,000. 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 buying an additional 1,880 shares during the last quarter. Spartan Fund Management Inc. bought a new stake in shares of Burtech Acquisition during the 4th quarter valued at about $218,000. K2 Principal Fund L.P. bought a new stake in shares of Burtech Acquisition during the 4th quarter valued at about $2,709,000. Finally, Mizuho Securities USA LLC raised its stake in Burtech Acquisition by 10.1% during the fourth quarter. Mizuho Securities USA LLC now owns 504,990 shares of the company’s stock worth $5,403,000 after acquiring an additional 46,429 shares during the period. Institutional investors own 97.12% of the company’s stock.

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.