Black Hawk Acquisition Co. (NASDAQ:BKHA – Get Free Report) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 2,400 shares, a decrease of 22.6% from the December 31st total of 3,100 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 12,800 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in BKHA. Rivernorth Capital Management LLC grew its holdings in shares of Black Hawk Acquisition by 25.0% during the third quarter. Rivernorth Capital Management LLC now owns 314,985 shares of the company’s stock worth $3,225,000 after buying an additional 63,015 shares in the last quarter. Berkley W R Corp acquired a new stake in Black Hawk Acquisition during the third quarter worth approximately $4,486,000. Verition Fund Management LLC boosted its position in Black Hawk Acquisition by 66.2% during the third quarter. Verition Fund Management LLC now owns 76,300 shares of the company’s stock worth $781,000 after acquiring an additional 30,400 shares during the last quarter. Walleye Trading LLC purchased a new stake in Black Hawk Acquisition in the 3rd quarter worth approximately $737,000. Finally, Walleye Capital LLC acquired a new position in Black Hawk Acquisition in the 3rd quarter valued at $1,309,000.
Black Hawk Acquisition Price Performance
Shares of NASDAQ BKHA remained flat at $10.43 during trading on Friday. Black Hawk Acquisition has a 1-year low of $10.09 and a 1-year high of $10.49. The business has a 50-day simple moving average of $10.38 and a 200 day simple moving average of $10.29.
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.
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