Black Hawk Acquisition Co. (NASDAQ:BKHAU – Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 8 shares, a decline of 84.0% from the September 15th total of 50 shares. Based on an average daily volume of 263 shares, the days-to-cover ratio is presently 0.0 days.
Black Hawk Acquisition Price Performance
Black Hawk Acquisition stock opened at $11.62 on Friday. Black Hawk Acquisition has a 52 week low of $10.70 and a 52 week high of $16.27. The stock has a fifty day moving average of $12.21 and a 200-day moving average of $12.19.
Black Hawk Acquisition Company Profile
Black Hawk Acquisition is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more operating companies.
As a SPAC, Black Hawk Acquisition does not have significant ongoing commercial operations, products or services of its own. Its principal activities generally consist of raising capital through a public offering, placing proceeds into a trust account and evaluating potential target businesses.
The company has not publicly identified a completed acquisition or a specific industry or geographic market for its intended business combination.
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