Black Hawk Acquisition Corporation (NASDAQ:BKHA) Short Interest Down 24.7% in February

Black Hawk Acquisition Corporation (NASDAQ:BKHA) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 149 shares, a decrease of 24.7% from the February 12th total of 198 shares. Based on an average daily trading volume, of 622 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 622 shares, the days-to-cover ratio is currently 0.2 days.

Black Hawk Acquisition Trading Down 0.3%

Black Hawk Acquisition stock opened at $11.55 on Monday. Black Hawk Acquisition has a twelve month low of $10.51 and a twelve month high of $11.95. The firm’s 50 day moving average price is $11.64 and its two-hundred day moving average price is $11.37.

Black Hawk Acquisition (NASDAQ:BKHA) last posted its quarterly earnings results on Friday, March 6th. The company reported $0.02 EPS for the quarter.

Institutional Investors Weigh In On Black Hawk Acquisition

Several large investors have recently made changes to their positions in the company. Clear Street Group Inc. lifted its stake in Black Hawk Acquisition by 11.6% in the fourth quarter. Clear Street Group Inc. now owns 59,031 shares of the company’s stock valued at $664,000 after acquiring an additional 6,158 shares during the last quarter. Meteora Capital LLC bought a new position in shares of Black Hawk Acquisition during the 3rd quarter valued at $1,111,000. Quarry LP acquired a new stake in shares of Black Hawk Acquisition in the 3rd quarter valued at $112,000. Crossingbridge Advisors LLC acquired a new stake in shares of Black Hawk Acquisition in the 3rd quarter valued at $588,000. Finally, Wolverine Asset Management LLC boosted its holdings in Black Hawk Acquisition by 1.2% in the third quarter. Wolverine Asset Management LLC now owns 358,888 shares of the company’s stock worth $4,016,000 after purchasing an additional 4,339 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Black Hawk Acquisition in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Black Hawk Acquisition Company Profile

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.