Burtech Acquisition Corp. (NASDAQ:BRKH – Get Rating) was the target of a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 300 shares, a drop of 88.5% from the December 15th total of 2,600 shares. Based on an average trading volume of 210,500 shares, the days-to-cover ratio is presently 0.0 days.

Burtech Acquisition Price Performance

Shares of Burtech Acquisition stock remained flat at $10.22 on Thursday. 16,587 shares of the stock traded hands, compared to its average volume of 264,049. The firm has a 50-day moving average of $10.17 and a 200-day moving average of $10.05. Burtech Acquisition has a 1-year low of $9.80 and a 1-year high of $10.70.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BRKH. Flow Traders U.S. LLC purchased a new position in shares of Burtech Acquisition during the 3rd quarter valued at $110,000. State Street Corp purchased a new position in shares of Burtech Acquisition during the 2nd quarter valued at $162,000. Bank of Montreal Can purchased a new position in shares of Burtech Acquisition during the 1st quarter valued at $218,000. Ergoteles LLC purchased a new position in shares of Burtech Acquisition during the 3rd quarter valued at $243,000. Finally, Robinson Capital Management LLC purchased a new position in shares of Burtech Acquisition during the 2nd quarter valued at $263,000. Hedge funds and other institutional investors own 50.37% of the company's stock.

Burtech Acquisition Company Profile

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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