Black Hawk Acquisition Corporation (NASDAQ:BKHA) Short Interest Down 48.5% in March

Black Hawk Acquisition Corporation (NASDAQ:BKHA) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 106 shares, a decline of 48.5% from the March 15th total of 206 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 936 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Black Hawk Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clear Street Group Inc. boosted its stake in Black Hawk Acquisition by 11.6% during the fourth quarter. Clear Street Group Inc. now owns 59,031 shares of the company’s stock worth $664,000 after buying an additional 6,158 shares during the last quarter. Meteora Capital LLC acquired a new position in Black Hawk Acquisition during the third quarter worth $1,111,000. Quarry LP acquired a new position in Black Hawk Acquisition during the third quarter worth $112,000. Crossingbridge Advisors LLC acquired a new position in Black Hawk Acquisition during the third quarter worth $588,000. Finally, Wolverine Asset Management LLC boosted its stake in Black Hawk Acquisition by 1.2% during the third quarter. Wolverine Asset Management LLC now owns 358,888 shares of the company’s stock worth $4,016,000 after buying an additional 4,339 shares during the last quarter.

Black Hawk Acquisition Stock Up 0.6%

Shares of NASDAQ:BKHA opened at $11.66 on Tuesday. The business’s 50 day moving average price is $11.63 and its 200-day moving average price is $11.45. Black Hawk Acquisition has a 1 year low of $10.53 and a 1 year high of $11.95.

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

Analysts Set New Price Targets

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