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Short Interest in Burtech Acquisition Corp. (NASDAQ:BRKH) Declines By 33.3%

kopsource ·  Feb 12, 2023 09:02

Burtech Acquisition Corp. (NASDAQ:BRKH – Get Rating) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 200 shares, a drop of 33.3% from the January 15th total of 300 shares. Based on an average daily volume of 231,900 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC bought a new position in shares of Burtech Acquisition in the 3rd quarter valued at about $110,000. State Street Corp bought a new position in shares of Burtech Acquisition in the 2nd quarter valued at about $162,000. OTA Financial Group L.P. bought a new position in shares of Burtech Acquisition in the 4th quarter valued at about $200,000. Bank of Montreal Can bought a new position in shares of Burtech Acquisition in the 1st quarter valued at about $218,000. Finally, Ergoteles LLC bought a new position in shares of Burtech Acquisition in the 3rd quarter valued at about $243,000. Institutional investors own 50.37% of the company's stock.

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Burtech Acquisition Price Performance

Shares of NASDAQ BRKH opened at $10.27 on Friday. Burtech Acquisition has a 1 year low of $9.82 and a 1 year high of $10.70. The firm's 50-day moving average is $10.22 and its 200-day moving average is $10.09.

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.

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