Short Interest in Black Hawk Acquisition Co. (NASDAQ:BKHA) Grows By 40.9%

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

Black Hawk Acquisition Price Performance

Black Hawk Acquisition stock remained flat at $10.37 during trading hours on Friday. Black Hawk Acquisition has a 52-week low of $10.09 and a 52-week high of $10.46. The firm’s fifty day simple moving average is $10.35 and its 200-day simple moving average is $10.24.

Institutional Trading of Black Hawk Acquisition

Several institutional investors and hedge funds have recently modified their holdings of BKHA. Wolverine Asset Management LLC acquired a new stake in shares of Black Hawk Acquisition during the 2nd quarter valued at $1,014,000. Cowen AND Company LLC acquired a new position in shares of Black Hawk Acquisition in the second quarter valued at approximately $544,000. Warberg Asset Management LLC bought a new position in Black Hawk Acquisition in the 2nd quarter valued at approximately $752,000. Clear Street LLC acquired a new stake in Black Hawk Acquisition during the 2nd quarter worth approximately $531,000. Finally, Glazer Capital LLC bought a new stake in Black Hawk Acquisition during the 2nd quarter worth approximately $1,381,000.

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.