Black Hawk Acquisition Co. (NASDAQ:BKHAR) Sees Large Drop in Short Interest

Black Hawk Acquisition Co. (NASDAQ:BKHAR) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 70 shares, a decline of 97.5% from the February 26th total of 2,784 shares. Based on an average daily trading volume, of 2,191 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 2,191 shares, the short-interest ratio is currently 0.0 days.

Black Hawk Acquisition Trading Up 3.2%

Shares of BKHAR traded up $0.04 during mid-day trading on Tuesday, reaching $1.31. The company’s stock had a trading volume of 2,895 shares, compared to its average volume of 7,518. Black Hawk Acquisition has a 12-month low of $0.86 and a 12-month high of $2.10. The company’s 50 day moving average is $1.48 and its 200 day moving average is $1.47.

About Black Hawk Acquisition

Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) organized to pursue merger, share exchange, asset acquisition, stock purchase, recapitalization, restructuring or similar business combination transactions with one or more businesses. The company’s objective is to identify and acquire a target company in industries that exhibit strong growth potential, such as technology, digital media and consumer products. The blank-check vehicle structure allows Black Hawk Acquisition to leverage its capital and sponsor expertise to complete a business combination.

Formed in mid-2021, Black Hawk Acquisition completed its initial public offering on the Nasdaq under the ticker symbol BKHAR, raising approximately $250 million in gross proceeds.