Short Interest in Black Hawk Acquisition Co. (NASDAQ:BKHAR) Grows By 741.0%

Black Hawk Acquisition Co. (NASDAQ:BKHAR) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 8,561 shares, an increase of 741.0% from the January 29th total of 1,018 shares. Based on an average trading volume of 13,342 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 13,342 shares, the days-to-cover ratio is presently 0.6 days.

Black Hawk Acquisition Trading Down 2.6%

NASDAQ:BKHAR opened at $1.52 on Thursday. Black Hawk Acquisition has a twelve month low of $0.86 and a twelve month high of $2.35. The stock has a fifty day simple moving average of $1.44 and a 200-day simple moving average of $1.53.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) organized to pursue merger, share exchange, asset acquisition, stock purchase, recapitalization, restructuring or similar business combination transactions with one or more businesses. The company’s objective is to identify and acquire a target company in industries that exhibit strong growth potential, such as technology, digital media and consumer products. The blank-check vehicle structure allows Black Hawk Acquisition to leverage its capital and sponsor expertise to complete a business combination.

Formed in mid-2021, Black Hawk Acquisition completed its initial public offering on the Nasdaq under the ticker symbol BKHAR, raising approximately $250 million in gross proceeds.