Black Hawk Acquisition Corporation (NASDAQ:BKHA) Sees Significant Growth in Short Interest

Black Hawk Acquisition Corporation (NASDAQ:BKHA) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 501 shares, a growth of 845.3% from the September 15th total of 53 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 16,592 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Black Hawk Acquisition in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

Black Hawk Acquisition Trading Down 6.5%

Shares of NASDAQ BKHA traded down $0.80 during mid-day trading on Friday, hitting $11.53. 1,974 shares of the stock traded hands, compared to its average volume of 7,758. Black Hawk Acquisition has a twelve month low of $11.00 and a twelve month high of $13.15. The firm has a 50 day simple moving average of $12.00 and a two-hundred day simple moving average of $11.99.

Black Hawk Acquisition (NASDAQ:BKHA) last issued its earnings results on Tuesday, October 6th. The company reported $0.26 earnings per share (EPS) for the quarter.

Institutional Trading of Black Hawk Acquisition

A hedge fund recently raised its position in Black Hawk Acquisition stock. Clear Street Group Inc. increased its position in Black Hawk Acquisition Corporation (NASDAQ:BKHA) by 11.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,031 shares of the company’s stock after buying an additional 6,158 shares during the quarter. Clear Street Group Inc. owned 1.42% of Black Hawk Acquisition worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Black Hawk Acquisition

Black Hawk Acquisition Corporation (NASDAQ: BKHA) is a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination with an operating company, such as a merger, acquisition, stock purchase, or similar transaction.

As a blank-check company, Black Hawk Acquisition does not have established operating businesses, products, or services of its own. Its activities are focused on evaluating potential acquisition opportunities and completing a transaction that would result in a combined public company.

Publicly available information about Black Hawk Acquisition’s specific target industry, geographic focus, and leadership is limited.