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

Black Hawk Acquisition Corporation (NASDAQ:BKHA) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 198 shares, a growth of 85.0% from the January 29th total of 107 shares. Based on an average trading volume of 392 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 392 shares, the short-interest ratio is presently 0.5 days.

Black Hawk Acquisition Stock Up 3.1%

Shares of NASDAQ:BKHA opened at $11.97 on Friday. The company has a 50 day moving average of $11.58 and a two-hundred day moving average of $11.32. Black Hawk Acquisition has a 52-week low of $10.48 and a 52-week high of $11.95.

Institutional Investors Weigh In On Black Hawk Acquisition

Several institutional investors have recently made changes to their positions in BKHA. Berkley W R Corp raised its holdings in shares of Black Hawk Acquisition by 5.6% during the 2nd quarter. Berkley W R Corp now owns 462,496 shares of the company’s stock valued at $4,917,000 after purchasing an additional 24,441 shares in the last quarter. Wolverine Asset Management LLC increased its position 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. Meteora Capital LLC bought a new position in Black Hawk Acquisition during the third quarter valued at about $1,111,000. Clear Street Group Inc. lifted its position in shares of Black Hawk Acquisition by 11.6% in 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. Finally, Crossingbridge Advisors LLC bought a new stake in shares of Black Hawk Acquisition during the 3rd quarter worth about $588,000.

Wall Street Analyst Weigh In

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, the stock has an average rating of “Sell”.

Black Hawk Acquisition Company Profile

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.