Black Hawk Acquisition Co. (NASDAQ:BKHAR) Short Interest Down 94.2% in June

Black Hawk Acquisition Co. (NASDAQ:BKHAR) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 147 shares, a drop of 94.2% from the May 31st total of 2,525 shares. Based on an average daily volume of 7,660 shares, the short-interest ratio is presently 0.0 days.

Black Hawk Acquisition Price Performance

BKHAR opened at $1.45 on Friday. The firm has a 50 day moving average price of $1.38 and a 200-day moving average price of $1.41. Black Hawk Acquisition has a twelve month low of $0.86 and a twelve month high of $2.06.

About Black Hawk Acquisition

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.