Short Interest in Black Hawk Acquisition Corporation (NASDAQ:BKHA) Decreases By 39.5%

Black Hawk Acquisition Corporation (NASDAQ:BKHA) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 98 shares, a drop of 39.5% from the December 15th total of 162 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 39 shares, the short-interest ratio is currently 2.5 days. Based on an average daily trading volume, of 39 shares, the short-interest ratio is currently 2.5 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BKHA. Meteora Capital LLC bought a new stake in shares of Black Hawk Acquisition in the third quarter valued at approximately $1,111,000. Crossingbridge Advisors LLC acquired a new position in Black Hawk Acquisition during the 3rd quarter valued at $588,000. Clear Street Group Inc. bought a new stake in Black Hawk Acquisition in the 3rd quarter valued at $588,000. Berkley W R Corp grew its position in Black Hawk Acquisition by 5.6% in the 2nd quarter. Berkley W R Corp now owns 462,496 shares of the company’s stock worth $4,917,000 after purchasing an additional 24,441 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Black Hawk Acquisition during the 3rd quarter worth about $112,000.

Black Hawk Acquisition Price Performance

Shares of Black Hawk Acquisition stock traded down $0.02 on Friday, reaching $11.75. The stock had a trading volume of 2,425 shares, compared to its average volume of 79. Black Hawk Acquisition has a fifty-two week low of $10.40 and a fifty-two week high of $11.95. The business’s 50-day moving average price is $11.34 and its two-hundred day moving average price is $11.15.

Black Hawk Acquisition (NASDAQ:BKHA) last released its earnings results on Tuesday, October 21st. The company reported $0.03 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Black Hawk Acquisition in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Black Hawk Acquisition

Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, stock purchase, asset acquisition, stock exchange or similar business combination with one or more businesses. Incorporated in Delaware, the company was created to raise capital through an initial public offering and to seek a target business that can benefit from its public listing and access to growth capital.

Since its listing on the NASDAQ under the ticker BKHA, Black Hawk Acquisition has focused on identifying businesses in sectors such as technology, industrials, consumer and financial services.