Black Hawk Acquisition Corporation (NASDAQ:BKHA) Stock Short Interest Rises 20,501.6%

Black Hawk Acquisition Corporation (NASDAQ:BKHA) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 103,214 shares, a growth of 20,501.6% from the September 30th total of 501 shares. Based on an average daily trading volume, of 51,360 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.5% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Black Hawk Acquisition in a report on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Black Hawk Acquisition has an average rating of “Sell”.

Black Hawk Acquisition Price Performance

Black Hawk Acquisition stock remained flat at $5.40 during midday trading on Monday. The company had a trading volume of 32,649 shares, compared to its average volume of 17,998. The stock’s fifty day simple moving average is $10.97 and its two-hundred day simple moving average is $11.66. Black Hawk Acquisition has a 12-month low of $3.70 and a 12-month high of $23.00.

Black Hawk Acquisition (NASDAQ:BKHA) last released its quarterly earnings data on Tuesday, October 6th. The company reported $0.26 EPS for the quarter.

About Black Hawk Acquisition

Black Hawk Acquisition Corporation is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Its potential transaction could take the form of a merger, stock purchase, asset acquisition, reorganization or similar corporate combination.

As a SPAC, Black Hawk Acquisition does not operate a conventional business or offer products and services to customers. Its activities are primarily focused on evaluating potential target companies and pursuing a transaction that would result in a privately held business becoming publicly traded.

Publicly available information about Black Hawk Acquisition’s target industry, geographic focus and leadership is limited.