Black Hawk Acquisition Co. (NASDAQ:BKHA) Short Interest Up 100.0% in October

Black Hawk Acquisition Co. (NASDAQ:BKHA) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 5,800 shares, a growth of 100.0% from the October 15th total of 2,900 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 10,200 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC acquired a new position in shares of Black Hawk Acquisition in the 2nd quarter valued at $103,000. Wolverine Asset Management LLC increased its position in shares of Black Hawk Acquisition by 13.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 113,243 shares of the company’s stock worth $1,158,000 after purchasing an additional 13,243 shares during the last quarter. TrueMark Investments LLC purchased a new stake in Black Hawk Acquisition in the 2nd quarter valued at about $200,000. Clear Street LLC acquired a new position in Black Hawk Acquisition in the second quarter valued at about $531,000. Finally, Cowen AND Company LLC purchased a new position in Black Hawk Acquisition during the second quarter worth about $544,000.

Black Hawk Acquisition Price Performance

Black Hawk Acquisition stock opened at $10.37 on Thursday. The company has a 50 day moving average price of $10.27. Black Hawk Acquisition has a 1-year low of $10.09 and a 1-year high of $10.46.

About Black Hawk Acquisition

Black Hawk Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Danville, California.