Black Hawk Acquisition Co. (NASDAQ:BKHAR) Short Interest Down 87.1% in June

Black Hawk Acquisition Co. (NASDAQ:BKHAR) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 19 shares, a decline of 87.1% from the June 15th total of 147 shares. Based on an average daily trading volume, of 877 shares, the short-interest ratio is presently 0.0 days.

Black Hawk Acquisition Price Performance

BKHAR stock traded down $0.00 during mid-day trading on Friday, reaching $1.64. 412 shares of the stock traded hands, compared to its average volume of 9,177. Black Hawk Acquisition has a 52-week low of $0.86 and a 52-week high of $2.06. The stock’s fifty day moving average is $1.44 and its 200-day moving average is $1.42.

Black Hawk Acquisition Company Profile

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.