Short Interest in Black Hawk Acquisition Co. (NASDAQ:BKHA) Drops By 32.8%

Black Hawk Acquisition Co. (NASDAQ:BKHA) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 3,900 shares, a decline of 32.8% from the October 31st total of 5,800 shares. Based on an average daily trading volume, of 11,500 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Black Hawk Acquisition Price Performance

Black Hawk Acquisition stock remained flat at $10.36 during mid-day trading on Friday. The company had a trading volume of 700 shares, compared to its average volume of 48,009. Black Hawk Acquisition has a twelve month low of $10.09 and a twelve month high of $10.46. The stock’s fifty day moving average price is $10.30.

Institutional Investors Weigh In On Black Hawk Acquisition

Several institutional investors have recently added to or reduced their stakes in the stock. SkyView Investment Advisors LLC bought a new stake in Black Hawk Acquisition in the 2nd quarter valued at approximately $103,000. TrueMark Investments LLC bought a new stake in shares of Black Hawk Acquisition in the second quarter worth $200,000. Clear Street LLC acquired a new position in Black Hawk Acquisition during the second quarter worth $531,000. Cowen AND Company LLC bought a new position in Black Hawk Acquisition in the second quarter valued at $544,000. Finally, Walleye Trading LLC bought a new position in Black Hawk Acquisition in the third quarter valued at $737,000.

About Black Hawk Acquisition

Black Hawk Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Danville, California.