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”.
About Burtech Acquisition
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.
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