Short Interest in Burtech Acquisition Corp. (NASDAQ:BRKHW) Drops By 68.5%

Burtech Acquisition Corp. (NASDAQ:BRKHW) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 12,700 shares, a decrease of 68.5% from the October 15th total of 40,300 shares. Based on an average daily volume of 58,300 shares, the days-to-cover ratio is presently 0.2 days.

Burtech Acquisition Stock Down 3.5 %

Shares of NASDAQ BRKHW traded down $0.01 during mid-day trading on Tuesday, hitting $0.16. The company’s stock had a trading volume of 2,000 shares, compared to its average volume of 84,611. Burtech Acquisition has a one year low of $0.01 and a one year high of $0.30. The company’s fifty day simple moving average is $0.19 and its 200-day simple moving average is $0.23.

About Burtech Acquisition

BurTech Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for target in the retail, lifestyle, hospitality, technology, and real estate markets.