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

Black Hawk Acquisition Co. (NASDAQ:BKHA) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 2,200 shares, a drop of 43.6% from the November 15th total of 3,900 shares. Based on an average trading volume of 15,500 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Berkley W R Corp bought a new position in Black Hawk Acquisition during the third quarter valued at about $4,486,000. Shaolin Capital Management LLC bought a new stake in shares of Black Hawk Acquisition during the second quarter valued at approximately $3,874,000. Glazer Capital LLC acquired a new position in shares of Black Hawk Acquisition in the second quarter valued at $1,381,000. Walleye Capital LLC acquired a new stake in Black Hawk Acquisition during the third quarter worth $1,309,000. Finally, Whitebox Advisors LLC bought a new stake in Black Hawk Acquisition in the 2nd quarter valued at $1,268,000.

Black Hawk Acquisition Price Performance

NASDAQ:BKHA remained flat at $10.35 during trading hours on Friday. 1 shares of the company traded hands, compared to its average volume of 28,210. Black Hawk Acquisition has a 1 year low of $10.09 and a 1 year high of $10.46. The stock’s fifty day moving average price is $10.32 and its 200-day moving average price is $10.22.

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.