Black Hawk Acquisition Co. (NASDAQ:BKHA) Sees Significant Decrease in Short Interest

Black Hawk Acquisition Co. (NASDAQ:BKHA) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 1,600 shares, a decrease of 33.3% from the January 15th total of 2,400 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 13,300 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Black Hawk Acquisition in the fourth quarter worth about $243,000. Walleye Trading LLC purchased a new position in shares of Black Hawk Acquisition in the third quarter worth about $737,000. Verition Fund Management LLC raised its stake in shares of Black Hawk Acquisition by 66.2% in the third quarter. Verition Fund Management LLC now owns 76,300 shares of the company’s stock worth $781,000 after purchasing an additional 30,400 shares during the last quarter. Wolverine Asset Management LLC raised its stake in shares of Black Hawk Acquisition by 13.2% in the third 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. Finally, Walleye Capital LLC purchased a new position in shares of Black Hawk Acquisition in the third quarter worth about $1,309,000.

Black Hawk Acquisition Trading Up 0.4 %

NASDAQ:BKHA traded up $0.04 during mid-day trading on Friday, hitting $10.47. 110 shares of the company’s stock traded hands, compared to its average volume of 2,208. The company has a fifty day moving average of $10.40 and a 200 day moving average of $10.31. Black Hawk Acquisition has a twelve month low of $10.09 and a twelve month high of $10.49.

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.