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

Black Hawk Acquisition Corporation (NASDAQ:BKHA – Get Free Report) saw a large increase in short interest in 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 volume of 855 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Black Hawk Acquisition in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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Hedge Funds Weigh In On Black Hawk Acquisition

Several institutional investors have recently added to or reduced their stakes in the company. Clear Street Group Inc. raised its holdings 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 in the last quarter. Meteora Capital LLC purchased a new position in shares of Black Hawk Acquisition in the third quarter valued at $1,111,000. Finally, Quarry LP purchased a new position in shares of Black Hawk Acquisition in the third quarter valued at $112,000.

Black Hawk Acquisition Trading Down 0.9%

Shares of BKHA stock opened at $11.88 on Friday. The company’s fifty day simple moving average is $12.16 and its two-hundred day simple moving average is $11.91. Black Hawk Acquisition has a 52 week low of $11.00 and a 52 week high of $13.10.

Black Hawk Acquisition (NASDAQ:BKHA – Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The company reported $0.02 earnings per share for the quarter.

Black Hawk Acquisition Company Profile

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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.

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