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

Burtech Acquisition Corp. (NASDAQ:BRKH) was the recipient of a significant 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. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 2,400 shares, the short-interest ratio is currently 2.3 days.

Burtech Acquisition Trading Down 0.2 %

BRKH traded down $0.02 during trading hours on Friday, reaching $11.01. The company’s stock had a trading volume of 1,398 shares, compared to its average volume of 5,235. Burtech Acquisition has a fifty-two week low of $10.20 and a fifty-two week high of $11.24. The business’s 50-day moving average is $10.95 and its 200-day moving average is $10.79.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Mizuho Securities USA LLC lifted its holdings in Burtech Acquisition by 14.6% in the third quarter. Mizuho Securities USA LLC now owns 458,561 shares of the company’s stock valued at $4,769,000 after acquiring an additional 58,561 shares during the last quarter. Radcliffe Capital Management L.P. lifted its stake in Burtech Acquisition by 8.1% during the third 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 in the last quarter. Berkley W R Corp lifted its stake in Burtech Acquisition by 110.1% during the fourth quarter. Berkley W R Corp now owns 522,205 shares of the company’s stock worth $5,603,000 after purchasing an additional 273,630 shares in the last quarter. K2 Principal Fund L.P. acquired a new position in Burtech Acquisition during the fourth quarter worth $2,709,000. Finally, Spartan Fund Management Inc. acquired a new position in Burtech Acquisition during the fourth quarter worth $218,000. 97.12% of the stock is currently owned by institutional investors and hedge funds.

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.