Short Interest in Black Hawk Acquisition Co. (NASDAQ:BKHAR) Declines By 94.2%

Black Hawk Acquisition Co. (NASDAQ:BKHAR) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 147 shares, a decrease of 94.2% from the May 31st total of 2,525 shares. Based on an average daily trading volume, of 7,660 shares, the short-interest ratio is currently 0.0 days.

Black Hawk Acquisition Stock Performance

BKHAR traded down $0.19 on Friday, hitting $1.45. 601 shares of the company were exchanged, compared to its average volume of 9,595. Black Hawk Acquisition has a 12 month low of $0.86 and a 12 month high of $2.06. The stock’s fifty day moving average is $1.39 and its 200-day moving average is $1.41.

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.