Black Hawk Acquisition Corporation (NASDAQ:BKHA) Short Interest Up 38.3% in March

Black Hawk Acquisition Corporation (NASDAQ:BKHA) was the target of a large growth in short interest in 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 251 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Black Hawk Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of Black Hawk Acquisition during the 3rd quarter valued at about $112,000. Clear Street LLC boosted its stake in Black Hawk Acquisition by 5.3% in the second quarter. Clear Street LLC now owns 51,600 shares of the company’s stock worth $548,000 after buying an additional 2,600 shares in the last quarter. Clear Street Group Inc. bought a new position in Black Hawk Acquisition during the third quarter valued at approximately $588,000. Crossingbridge Advisors LLC bought a new position in Black Hawk Acquisition during the third quarter valued at approximately $588,000. Finally, Meteora Capital LLC purchased a new position in shares of Black Hawk Acquisition during the third quarter worth approximately $1,111,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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 MarketBeat.com, the stock presently has an average rating of “Sell”.

Black Hawk Acquisition Stock Up 0.3%

Black Hawk Acquisition stock opened at $11.63 on Friday. Black Hawk Acquisition has a 1-year low of $10.51 and a 1-year high of $11.95. The firm’s 50 day simple moving average is $11.65 and its 200 day simple moving average is $11.41.

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

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.