Short Interest in Black Hawk Acquisition Corporation (NASDAQ:BKHA) Decreases By 27.7%

Black Hawk Acquisition Corporation (NASDAQ:BKHA) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 162 shares, a decrease of 27.7% from the November 30th total of 224 shares. Based on an average daily volume of 383 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 383 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

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

Black Hawk Acquisition Price Performance

Shares of BKHA opened at $11.25 on Wednesday. Black Hawk Acquisition has a 1-year low of $10.34 and a 1-year high of $11.95. The firm’s 50 day simple moving average is $11.31 and its 200 day simple moving average is $11.09.

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

Institutional Investors Weigh In On Black Hawk Acquisition

Hedge funds have recently added to or reduced their stakes in the company. Meteora Capital LLC purchased a new position in shares of Black Hawk Acquisition in the 3rd quarter worth about $1,111,000. Crossingbridge Advisors LLC bought a new stake in Black Hawk Acquisition in the 3rd quarter worth approximately $588,000. Clear Street Group Inc. purchased a new stake in Black Hawk Acquisition in the third quarter worth approximately $588,000. Berkley W R Corp boosted its stake in Black Hawk Acquisition by 5.6% in the second quarter. Berkley W R Corp now owns 462,496 shares of the company’s stock worth $4,917,000 after buying an additional 24,441 shares in the last quarter. Finally, Gabelli Funds LLC bought a new position in Black Hawk Acquisition during the first quarter valued at approximately $237,000.

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.