Black Hawk Acquisition Co. (NASDAQ:BKHAU – Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 50 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily trading volume, of 477 shares, the days-to-cover ratio is currently 0.1 days.
Black Hawk Acquisition Trading Up 1.7%
Shares of BKHAU opened at $12.21 on Tuesday. The business’s fifty day moving average is $12.12 and its 200-day moving average is $12.16. Black Hawk Acquisition has a 52-week low of $10.70 and a 52-week high of $16.10.
Black Hawk Acquisition Company Profile
Black Hawk Acquisition (NASDAQ: BKHAU) is a special purpose acquisition company (SPAC) incorporated in Delaware. It was formed to raise capital through an initial public offering for the purpose of identifying and completing a merger, acquisition, or other business combination with one or more businesses.
The company completed its initial public offering in mid-2021, raising gross proceeds that are held in a trust account until a qualifying transaction is consummated. As a blank-check vehicle, Black Hawk Acquisition has no commercial operations or revenue of its own and does not currently report any operating results outside of interest income on its trust holdings.
Black Hawk Acquisition is focused on targeting businesses in sectors where its promoters and advisors have expertise.
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