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

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

Black Hawk Acquisition Stock Down 0.3%

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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Clear Street LLC grew its position in shares of Black Hawk Acquisition by 5.3% during the 2nd quarter. Clear Street LLC now owns 51,600 shares of the company’s stock worth $548,000 after buying an additional 2,600 shares during the period. Wolverine Asset Management LLC boosted its stake in Black Hawk Acquisition by 1.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 358,888 shares of the company’s stock worth $4,016,000 after acquiring an additional 4,339 shares during the last quarter. Clear Street Group Inc. grew its holdings in Black Hawk Acquisition by 11.6% during the fourth quarter. Clear Street Group Inc. now owns 59,031 shares of the company’s stock valued at $664,000 after purchasing an additional 6,158 shares during the period. Quarry LP bought a new stake in Black Hawk Acquisition in the third quarter valued at approximately $112,000. Finally, Berkley W R Corp increased its stake in Black Hawk Acquisition by 5.6% in the second quarter. Berkley W R Corp now owns 462,496 shares of the company’s stock valued at $4,917,000 after purchasing an additional 24,441 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Black Hawk Acquisition in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Black Hawk Acquisition

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.