Black Hawk Acquisition Corporation (NASDAQ:BKHA) Short Interest Update

Black Hawk Acquisition Corporation (NASDAQ:BKHA) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 53 shares, a decline of 83.2% from the August 31st total of 316 shares. Based on an average daily volume of 122 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Black Hawk Acquisition Stock Performance

BKHA stock traded up $0.26 during mid-day trading on Friday, hitting $12.45. The company had a trading volume of 14,110 shares, compared to its average volume of 554. The stock’s fifty day moving average price is $11.95 and its two-hundred day moving average price is $11.94. Black Hawk Acquisition has a 12 month low of $11.00 and a 12 month high of $13.10.

Black Hawk Acquisition (NASDAQ:BKHA) last announced its quarterly earnings results on Wednesday, July 15th. The company reported $0.02 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Black Hawk Acquisition in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Black Hawk Acquisition stock. Clear Street Group Inc. lifted its position in shares of Black Hawk Acquisition Corporation (NASDAQ:BKHA) by 11.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,031 shares of the company’s stock after buying an additional 6,158 shares during the quarter. Clear Street Group Inc. owned approximately 1.42% of Black Hawk Acquisition worth $664,000 at the end of the most recent quarter.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition Corp. (NASDAQ: BKHA) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Unlike an operating company, it does not currently offer products or services to customers.

The company’s principal objective is to raise capital through the public markets and use those funds, together with other financing, to acquire or merge with a target business. The transaction could provide the target with access to public-market capital and result in the combined company becoming publicly traded.

Black Hawk Acquisition’s specific target industry, geographic focus, operating activities and long-term leadership structure depend on the business combination it ultimately pursues.