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

Black Hawk Acquisition Corporation (NASDAQ:BKHA) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 149 shares, a decline of 24.7% from the February 12th total of 198 shares. Based on an average daily trading volume, of 622 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 622 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

Black Hawk Acquisition Stock Performance

BKHA stock traded down $0.03 during mid-day trading on Friday, hitting $11.55. 1,803 shares of the company were exchanged, compared to its average volume of 322. The firm’s 50 day simple moving average is $11.64 and its 200 day simple moving average is $11.36. Black Hawk Acquisition has a 1-year low of $10.51 and a 1-year high of $11.95.

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

Institutional Inflows and Outflows

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

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.