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

Black Hawk Acquisition Corporation (NASDAQ:BKHA) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 206 shares, an increase of 38.3% from the February 26th total of 149 shares. Based on an average daily volume of 251 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Trading of Black Hawk Acquisition

A number of institutional investors have recently modified their holdings of the business. Clear Street Group Inc. boosted its holdings 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 buying an additional 6,158 shares during the period. Meteora Capital LLC bought a new stake in Black Hawk Acquisition during the 3rd quarter valued at $1,111,000. Quarry LP purchased a new stake in shares of Black Hawk Acquisition during the third quarter worth $112,000. Crossingbridge Advisors LLC bought a new position in shares of Black Hawk Acquisition in the third quarter worth $588,000. Finally, Wolverine Asset Management LLC boosted its holdings in shares of Black Hawk Acquisition by 1.2% in the third 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 period.

Wall Street Analyst Weigh In

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

Black Hawk Acquisition Price Performance

Shares of BKHA opened at $11.63 on Friday. The business has a 50-day moving average of $11.65 and a 200 day moving average of $11.41. Black Hawk Acquisition has a fifty-two week low of $10.51 and a fifty-two week high of $11.95.

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

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.