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 decrease in short interest in June. As of June 30th, there was short interest totaling 19 shares, a decrease of 87.1% from the June 15th total of 147 shares. Based on an average trading volume of 877 shares, the short-interest ratio is currently 0.0 days.

Black Hawk Acquisition Trading Down 0.1%

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