Black Hawk Acquisition Co. (NASDAQ:BKHAR – Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 444 shares, an increase of 2,236.8% from the August 31st total of 19 shares. Based on an average daily trading volume, of 849 shares, the days-to-cover ratio is currently 0.5 days.
Black Hawk Acquisition Stock Up 1.1%
NASDAQ:BKHAR opened at $1.56 on Friday. The company has a 50-day moving average of $1.41 and a 200-day moving average of $1.41. Black Hawk Acquisition has a 52 week low of $0.69 and a 52 week high of $1.99.
About Black Hawk Acquisition
Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) organized to pursue merger, share exchange, asset acquisition, stock purchase, recapitalization, restructuring or similar business combination transactions with one or more businesses. The company’s objective is to identify and acquire a target company in industries that exhibit strong growth potential, such as technology, digital media and consumer products. The blank-check vehicle structure allows Black Hawk Acquisition to leverage its capital and sponsor expertise to complete a business combination.
Formed in mid-2021, Black Hawk Acquisition completed its initial public offering on the Nasdaq under the ticker symbol BKHAR, raising approximately $250 million in gross proceeds.
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