Black Hawk Acquisition Corporation (NASDAQ:BKHA) Short Interest Up 652.4% in August

Black Hawk Acquisition Corporation (NASDAQ:BKHA) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 316 shares, an increase of 652.4% from the August 15th total of 42 shares. Based on an average daily trading volume, of 855 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Black Hawk Acquisition in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Black Hawk Acquisition

Institutional investors have recently modified their holdings of the stock. Quarry LP purchased a new position in Black Hawk Acquisition during the third quarter valued at approximately $112,000. Meteora Capital LLC purchased a new stake in shares of Black Hawk Acquisition in the third quarter valued at approximately $1,111,000. Finally, Clear Street Group Inc. raised its stake in shares of Black Hawk Acquisition by 11.6% during 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.

Black Hawk Acquisition Stock Performance

Shares of Black Hawk Acquisition stock opened at $11.88 on Friday. The firm’s 50 day simple moving average is $12.11 and its two-hundred day simple moving average is $11.91. Black Hawk Acquisition has a 12-month low of $11.00 and a 12-month high of $13.10.

Black Hawk Acquisition (NASDAQ:BKHA) last posted its quarterly earnings data on Wednesday, July 15th. 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.