Black Hawk Acquisition Co. (NASDAQ:BKHAR – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 444 shares, an increase of 2,236.8% from the August 31st total of 19 shares. Based on an average daily volume of 849 shares, the days-to-cover ratio is presently 0.5 days.
Black Hawk Acquisition Trading Up 5.2%
Black Hawk Acquisition stock traded up $0.08 during midday trading on Thursday, reaching $1.62. 8,223 shares of the stock traded hands, compared to its average volume of 7,442. Black Hawk Acquisition has a fifty-two week low of $0.69 and a fifty-two week high of $1.99. The firm has a fifty day moving average price of $1.41 and a two-hundred day moving average price of $1.41.
About Black Hawk Acquisition
Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) organized to pursue merger, share exchange, asset acquisition, stock purchase, recapitalization, restructuring or similar business combination transactions with one or more businesses. The company’s objective is to identify and acquire a target company in industries that exhibit strong growth potential, such as technology, digital media and consumer products. The blank-check vehicle structure allows Black Hawk Acquisition to leverage its capital and sponsor expertise to complete a business combination.
Formed in mid-2021, Black Hawk Acquisition completed its initial public offering on the Nasdaq under the ticker symbol BKHAR, raising approximately $250 million in gross proceeds.
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