Black Hawk Acquisition Co. (NASDAQ:BKHA) Sees Large Growth in Short Interest

Black Hawk Acquisition Co. (NASDAQ:BKHA) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 3,100 shares, an increase of 40.9% from the November 30th total of 2,200 shares. Based on an average daily volume of 11,900 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Black Hawk Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of BKHA. SkyView Investment Advisors LLC purchased a new position in Black Hawk Acquisition in the 2nd quarter worth about $103,000. Clear Street LLC acquired a new stake in shares of Black Hawk Acquisition in the second quarter worth $531,000. Cowen AND Company LLC acquired a new position in Black Hawk Acquisition during the second quarter valued at $544,000. Walleye Trading LLC purchased a new position in Black Hawk Acquisition during the 3rd quarter valued at about $737,000. Finally, Warberg Asset Management LLC acquired a new position in Black Hawk Acquisition in the 2nd quarter worth about $752,000.

Black Hawk Acquisition Price Performance

BKHA remained flat at $10.37 during trading on Monday. Black Hawk Acquisition has a 12 month low of $10.09 and a 12 month high of $10.46. The business’s fifty day simple moving average is $10.35 and its 200-day simple moving average is $10.24.

Black Hawk Acquisition Company Profile

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.