Black Hawk Acquisition Corporation (NASDAQ:BKHA) Short Interest Down 32.9% in July

Black Hawk Acquisition Corporation (NASDAQ:BKHA) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 49 shares, a drop of 32.9% from the June 30th total of 73 shares. Based on an average daily volume of 694 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Black Hawk Acquisition

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Meteora Capital LLC purchased a new stake in Black Hawk Acquisition during the 3rd quarter valued at about $1,111,000. Quarry LP purchased a new position in Black Hawk Acquisition in the 3rd quarter worth approximately $112,000. Finally, Clear Street Group Inc. lifted its stake in Black Hawk Acquisition by 11.6% in the 4th quarter. Clear Street Group Inc. now owns 59,031 shares of the company’s stock worth $664,000 after purchasing an additional 6,158 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Black Hawk Acquisition in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Black Hawk Acquisition currently has an average rating of “Sell”.

Black Hawk Acquisition Stock Up 0.9%

Shares of NASDAQ:BKHA opened at $11.88 on Friday. The business’s 50 day moving average price is $12.23 and its 200-day moving average price is $11.87. Black Hawk Acquisition has a 1 year low of $10.93 and a 1 year high of $13.10.

Black Hawk Acquisition (NASDAQ:BKHA) last announced its quarterly earnings data on Wednesday, July 15th. The company reported $0.02 earnings per share 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.