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

Black Hawk Acquisition Corporation (NASDAQ:BKHA) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 53 shares, a decrease of 83.2% from the August 31st total of 316 shares. Based on an average daily trading volume, of 122 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Black Hawk Acquisition stock. Clear Street Group Inc. grew its holdings in shares of Black Hawk Acquisition Corporation (NASDAQ:BKHA) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,031 shares of the company’s stock after purchasing an additional 6,158 shares during the quarter. Clear Street Group Inc. owned approximately 1.42% of Black Hawk Acquisition worth $664,000 at the end of the most recent reporting period.

Analysts Set New Price Targets

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

Black Hawk Acquisition Trading Up 2.1%

BKHA stock traded up $0.26 during trading on Friday, reaching $12.45. The stock had a trading volume of 14,110 shares, compared to its average volume of 554. Black Hawk Acquisition has a one year low of $11.00 and a one year high of $13.10. The company’s 50 day moving average is $11.95 and its two-hundred day moving average is $11.94.

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

Black Hawk Acquisition Company Profile

Black Hawk Acquisition Corp. (NASDAQ: BKHA) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Unlike an operating company, it does not currently offer products or services to customers.

The company’s principal objective is to raise capital through the public markets and use those funds, together with other financing, to acquire or merge with a target business. The transaction could provide the target with access to public-market capital and result in the combined company becoming publicly traded.

Black Hawk Acquisition’s specific target industry, geographic focus, operating activities and long-term leadership structure depend on the business combination it ultimately pursues.