Burtech Acquisition Corp. (NASDAQ:BRKH – Get Rating) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 2,600 shares, a decline of 96.9% from the November 30th total of 84,900 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 145,500 shares, the days-to-cover ratio is presently 0.0 days.
Burtech Acquisition Stock Performance
BRKH stock opened at $10.16 on Friday. The business has a 50 day moving average price of $10.13 and a 200 day moving average price of $10.02. Burtech Acquisition has a fifty-two week low of $9.80 and a fifty-two week high of $10.70.
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Institutional Investors Weigh In On Burtech Acquisition
Several institutional investors have recently added to or reduced their stakes in BRKH. Mizuho Markets Americas LLC purchased a new stake in Burtech Acquisition in the third quarter valued at approximately $11,421,000. Starboard Value LP purchased a new stake in Burtech Acquisition in the first quarter valued at approximately $6,540,000. Spring Creek Capital LLC purchased a new stake in Burtech Acquisition in the first quarter valued at approximately $5,673,000. Fir Tree Capital Management LP purchased a new stake in Burtech Acquisition in the first quarter valued at approximately $4,950,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Burtech Acquisition in the second quarter valued at approximately $2,513,000. Hedge funds and other institutional investors own 50.37% of the company's stock.
Burtech Acquisition Company Profile
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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.
Further Reading
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