Black Hawk Acquisition Corporation (NASDAQ:BKHA) Short Interest Update

Black Hawk Acquisition Corporation (NASDAQ:BKHA) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 206 shares, a growth of 38.3% from the February 26th total of 149 shares. Based on an average daily volume of 251 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the shares of the company are short sold.

Black Hawk Acquisition Trading Up 0.1%

Shares of BKHA stock opened at $11.59 on Tuesday. Black Hawk Acquisition has a 1 year low of $10.53 and a 1 year high of $11.95. The stock has a fifty day moving average of $11.65 and a two-hundred day moving average of $11.41.

Black Hawk Acquisition (NASDAQ:BKHA) last issued its quarterly earnings data on Friday, March 6th. The company reported $0.02 earnings per share for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BKHA. Meteora Capital LLC bought a new position in Black Hawk Acquisition during the 3rd quarter valued at $1,111,000. Crossingbridge Advisors LLC acquired a new position in shares of Black Hawk Acquisition during the 3rd quarter valued at $588,000. Clear Street Group Inc. bought a new stake in shares of Black Hawk Acquisition in the 3rd quarter worth $588,000. Berkley W R Corp raised its stake in shares of Black Hawk Acquisition by 5.6% in the 2nd quarter. Berkley W R Corp now owns 462,496 shares of the company’s stock worth $4,917,000 after buying an additional 24,441 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Black Hawk Acquisition in the third quarter valued at $112,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Black Hawk Acquisition in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Black Hawk Acquisition presently has an average rating of “Sell”.

About Black Hawk Acquisition

Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, stock purchase, asset acquisition, stock exchange or similar business combination with one or more businesses. Incorporated in Delaware, the company was created to raise capital through an initial public offering and to seek a target business that can benefit from its public listing and access to growth capital.

Since its listing on the NASDAQ under the ticker BKHA, Black Hawk Acquisition has focused on identifying businesses in sectors such as technology, industrials, consumer and financial services.