Black Hawk Acquisition Corporation (NASDAQ:BKHA) Short Interest Down 32.9% in July

Black Hawk Acquisition Corporation (NASDAQ:BKHA) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 49 shares, a decline of 32.9% from the June 30th total of 73 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 694 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Black Hawk Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Meteora Capital LLC purchased a new stake in Black Hawk Acquisition during the third quarter valued at about $1,111,000. Quarry LP acquired a new stake in Black Hawk Acquisition during the third quarter worth about $112,000. Finally, Clear Street Group Inc. raised its holdings in shares of Black Hawk Acquisition by 11.6% in the 4th quarter. Clear Street Group Inc. now owns 59,031 shares of the company’s stock worth $664,000 after purchasing an additional 6,158 shares during the period.

Black Hawk Acquisition Price Performance

Shares of NASDAQ:BKHA opened at $11.88 on Friday. The stock’s 50-day moving average price is $12.23 and its two-hundred day moving average price is $11.87. Black Hawk Acquisition has a 12-month low of $10.93 and a 12-month high of $13.10.

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

Analysts Set New Price Targets

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

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.