Short Interest in Black Hawk Acquisition Co. (NASDAQ:BKHA) Rises By 40.9%

Black Hawk Acquisition Co. (NASDAQ:BKHA) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 3,100 shares, an increase of 40.9% from the November 30th total of 2,200 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Black Hawk Acquisition

Large investors have recently modified their holdings of the business. Wolverine Asset Management LLC bought a new position in Black Hawk Acquisition in the 2nd quarter worth $1,014,000. Cowen AND Company LLC purchased a new position in shares of Black Hawk Acquisition during the 2nd quarter worth approximately $544,000. Warberg Asset Management LLC bought a new position in shares of Black Hawk Acquisition in the 2nd quarter worth approximately $752,000. Clear Street LLC purchased a new position in shares of Black Hawk Acquisition in the 2nd quarter valued at approximately $531,000. Finally, Glazer Capital LLC bought a new stake in shares of Black Hawk Acquisition during the second quarter valued at approximately $1,381,000.

Black Hawk Acquisition Stock Performance

Black Hawk Acquisition stock remained flat at $10.37 during trading hours on Friday. The business has a fifty day moving average of $10.35 and a 200-day moving average of $10.24. Black Hawk Acquisition has a 1-year low of $10.09 and a 1-year high of $10.46.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Danville, California.