Black Hawk Acquisition Corporation (NASDAQ:BKHA) Short Interest Down 39.5% in December

Black Hawk Acquisition Corporation (NASDAQ:BKHA) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 98 shares, a drop of 39.5% from the December 15th total of 162 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 39 shares, the short-interest ratio is currently 2.5 days. Based on an average daily volume of 39 shares, the short-interest ratio is currently 2.5 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Black Hawk Acquisition

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

Black Hawk Acquisition Stock Up 4.5%

NASDAQ:BKHA opened at $11.77 on Friday. Black Hawk Acquisition has a one year low of $10.40 and a one year high of $11.95. The stock has a 50 day moving average price of $11.33 and a 200 day moving average price of $11.15.

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

Analyst Ratings Changes

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