Black Hawk Acquisition Co. (NASDAQ:BKHAU – Get Free Report) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 425 shares, a drop of 95.4% from the October 15th total of 9,247 shares. Based on an average daily volume of 405 shares, the days-to-cover ratio is presently 1.0 days.
Black Hawk Acquisition Stock Performance
Shares of BKHAU traded down $0.74 during mid-day trading on Tuesday, reaching $6.22. 676 shares of the company’s stock traded hands, compared to its average volume of 2,922. The business’s 50-day moving average price is $9.86 and its 200-day moving average price is $11.57. Black Hawk Acquisition has a 12 month low of $4.02 and a 12 month high of $16.27.
Black Hawk Acquisition Company Profile
Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC), not an operating business. Its primary purpose is to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more companies. The company does not itself provide operating products or services. Its business activities, markets and geographic reach would depend on any company it combines with. Black Hawk Acquisition Corp.’s initial offering materials did not identify a specific target or operating industry.
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