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

Black Hawk Acquisition Co. (NASDAQ:BKHA) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 3,100 shares, a decline of 8.8% from the September 15th total of 3,400 shares. Based on an average daily trading volume, of 15,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Black Hawk Acquisition Price Performance

NASDAQ:BKHA remained flat at $10.25 during mid-day trading on Wednesday. The company had a trading volume of 125 shares, compared to its average volume of 57,921. The firm has a fifty day moving average of $10.21. Black Hawk Acquisition has a 12-month low of $10.09 and a 12-month high of $10.30.

Institutional Investors Weigh In On Black Hawk Acquisition

Large investors have recently bought and sold shares of the business. SkyView Investment Advisors LLC acquired a new stake in shares of Black Hawk Acquisition in the second quarter worth about $103,000. TrueMark Investments LLC acquired a new stake in Black Hawk Acquisition in the 2nd quarter worth approximately $200,000. Clear Street LLC bought a new stake in Black Hawk Acquisition during the second quarter worth approximately $531,000. Cowen AND Company LLC acquired a new position in Black Hawk Acquisition during the second quarter valued at approximately $544,000. Finally, Warberg Asset Management LLC bought a new position in shares of Black Hawk Acquisition in the second quarter valued at approximately $752,000.

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.