Black Hawk Acquisition Corporation (NASDAQ:BKHA) Stock Short Interest Rises 20,501.6%

Black Hawk Acquisition Corporation (NASDAQ:BKHA) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 103,214 shares, an increase of 20,501.6% from the September 30th total of 501 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average trading volume of 51,360 shares, the short-interest ratio is presently 2.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Black Hawk Acquisition in a research report on Thursday, October 15th. 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

BKHA stock remained flat at $5.40 on Monday. The company had a trading volume of 32,649 shares, compared to its average volume of 17,998. Black Hawk Acquisition has a 1 year low of $3.70 and a 1 year high of $23.00. The stock’s 50-day simple moving average is $10.97 and its 200 day simple moving average is $11.66.

Black Hawk Acquisition (NASDAQ:BKHA) last released its quarterly earnings results on Tuesday, October 6th. The company reported $0.26 EPS for the quarter.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition Corporation is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Its potential transaction could take the form of a merger, stock purchase, asset acquisition, reorganization or similar corporate combination.

As a SPAC, Black Hawk Acquisition does not operate a conventional business or offer products and services to customers. Its activities are primarily focused on evaluating potential target companies and pursuing a transaction that would result in a privately held business becoming publicly traded.

Publicly available information about Black Hawk Acquisition’s target industry, geographic focus and leadership is limited.