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

Burtech Acquisition Corp. (NASDAQ:BRKH – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,523 shares, an increase of 139.5% from the September 15th total of 636 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 34,236 shares, the days-to-cover ratio is currently 0.0 days.

Burtech Acquisition Trading Up 0.1%

Shares of NASDAQ BRKH traded up $0.01 during trading on Wednesday, reaching $10.01. 8,594 shares of the stock were exchanged, compared to its average volume of 19,232. The business’s 50-day moving average price is $10.00 and its 200 day moving average price is $5.72. Burtech Acquisition has a twelve month low of $9.80 and a twelve month high of $11.04.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on Burtech Acquisition in a research report on Tuesday, October 6th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Get Our Latest Stock Report on BRKH

About Burtech Acquisition

(Get Free Report)

BurTech Acquisition Corp. (NASDAQ: BRKH) was a special purpose acquisition company (SPAC) formed to identify and complete a merger, capital stock exchange, asset acquisition, or similar business combination with one or more operating companies. As a SPAC, its primary activities were pursuing a transaction and raising capital for that purpose rather than developing or selling products and services of its own.

BurTech announced a proposed business combination with Blaize, Inc, an artificial intelligence technology company focused on edge computing.

See Also

Receive News & Ratings for Burtech Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burtech Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.