Black Hawk Acquisition Corporation (NASDAQ:BKHA) Sees Large Decline in Short Interest

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Black Hawk Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKHA. Quarry LP purchased a new stake in shares of Black Hawk Acquisition during the third quarter worth $112,000. Clear Street LLC grew its stake in Black Hawk Acquisition by 5.3% during the 2nd quarter. Clear Street LLC now owns 51,600 shares of the company’s stock worth $548,000 after purchasing an additional 2,600 shares in the last quarter. Clear Street Group Inc. purchased a new stake in Black Hawk Acquisition during the 3rd quarter worth about $588,000. Crossingbridge Advisors LLC acquired a new stake in Black Hawk Acquisition in the 3rd quarter valued at about $588,000. Finally, Meteora Capital LLC purchased a new position in shares of Black Hawk Acquisition in the 3rd quarter valued at about $1,111,000.

Black Hawk Acquisition Stock Performance

Shares of Black Hawk Acquisition stock opened at $11.77 on Friday. The business has a 50-day moving average of $11.33 and a 200 day moving average of $11.15. Black Hawk Acquisition has a 12 month low of $10.40 and a 12 month high of $11.95.

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

Black Hawk Acquisition Company Profile

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.