Black Hawk Acquisition Co. (NASDAQ:BKHAU) Shares Shorted: Short Interest Up 115,487.5% in October

Black Hawk Acquisition Co. (NASDAQ:BKHAU) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 9,247 shares, a growth of 115,487.5% from the September 30th total of 8 shares. Based on an average daily volume of 6,491 shares, the days-to-cover ratio is currently 1.4 days.

Black Hawk Acquisition Stock Performance

NASDAQ:BKHAU traded up $0.83 during mid-day trading on Monday, reaching $4.86. The stock had a trading volume of 430 shares, compared to its average volume of 2,983. The firm has a 50 day moving average price of $11.47 and a two-hundred day moving average price of $11.95. Black Hawk Acquisition has a one year low of $4.02 and a one year high of $16.27.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Its potential transaction could take the form of a merger, acquisition, stock purchase, reorganization or similar arrangement.

As a SPAC, Black Hawk Acquisition does not operate a conventional business and does not currently offer products or services to customers. Its activities are primarily focused on evaluating prospective acquisition targets and seeking shareholder approval for a proposed transaction.

The company’s securities include units traded under the symbol BKHAU, with the units generally consisting of a share of common stock and a warrant or other related security.