Short Interest in Black Hawk Acquisition Corporation (NASDAQ:BKHA) Grows By 652.4%

Black Hawk Acquisition Corporation (NASDAQ:BKHA) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 316 shares, an increase of 652.4% from the August 15th total of 42 shares. Based on an average daily trading volume, of 855 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Black Hawk Acquisition in the 3rd quarter worth about $112,000. Clear Street Group Inc. boosted its stake in shares of Black Hawk Acquisition by 11.6% during 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. Finally, Meteora Capital LLC bought a new position in Black Hawk Acquisition during the 3rd quarter valued at about $1,111,000.

Analyst Upgrades and Downgrades

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

Black Hawk Acquisition Trading Down 0.9%

Shares of Black Hawk Acquisition stock opened at $11.88 on Friday. The stock has a 50 day moving average price of $12.16 and a 200-day moving average price of $11.91. Black Hawk Acquisition has a one year low of $11.00 and a one year high of $13.10.

Black Hawk Acquisition (NASDAQ:BKHA) last released its quarterly earnings results on Wednesday, July 15th. The company reported $0.02 earnings per share 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.