Short Interest in Black Hawk Acquisition Corporation (NASDAQ:BKHA) Drops By 48.5%

Black Hawk Acquisition Corporation (NASDAQ:BKHA) saw a large drop in short interest in March. As of March 31st, there was short interest totaling 106 shares, a drop of 48.5% from the March 15th total of 206 shares. Based on an average daily trading volume, of 936 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC boosted its stake in shares of Black Hawk Acquisition by 1.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 358,888 shares of the company’s stock worth $4,016,000 after acquiring an additional 4,339 shares during the last quarter. 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 acquiring an additional 6,158 shares during the last quarter. Quarry LP purchased a new position in shares of Black Hawk Acquisition during the 3rd quarter worth $112,000. Crossingbridge Advisors LLC purchased a new position in shares of Black Hawk Acquisition during the 3rd quarter worth $588,000. Finally, Meteora Capital LLC purchased a new position in shares of Black Hawk Acquisition during the 3rd quarter worth $1,111,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Black Hawk Acquisition in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Black Hawk Acquisition Trading Up 0.3%

Black Hawk Acquisition stock opened at $11.63 on Monday. Black Hawk Acquisition has a one year low of $10.53 and a one year high of $11.95. The stock has a fifty day moving average of $11.63 and a 200 day moving average of $11.45.

Black Hawk Acquisition (NASDAQ:BKHA) last posted its quarterly earnings data on Friday, March 6th. The company reported $0.02 EPS for the quarter.

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.