Black Hawk Acquisition Co. (NASDAQ:BKHAR) Shares Shorted: Short Interest Up 362.2% in October

Black Hawk Acquisition Co. (NASDAQ:BKHAR) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,898 shares, a growth of 362.2% from the September 30th total of 627 shares. Based on an average daily volume of 24,275 shares, the days-to-cover ratio is currently 0.1 days.

Black Hawk Acquisition Stock Down 20.4%

BKHAR stock traded down $0.32 during midday trading on Thursday, hitting $1.25. The company’s stock had a trading volume of 9,933 shares, compared to its average volume of 9,730. Black Hawk Acquisition has a twelve month low of $0.69 and a twelve month high of $2.10. The company’s fifty day moving average price is $1.40 and its 200 day moving average price is $1.44.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition Corporation is a special purpose acquisition company (SPAC) formed to identify and complete a business combination, such as a merger, acquisition, or similar transaction, with one or more operating businesses. The company does not have significant ongoing commercial operations of its own and was established primarily to raise capital for a future transaction.

Its securities trade on the Nasdaq under the symbol BKHAR, which represents the company’s units. These units generally consist of shares of common stock and redeemable warrants, although the specific terms are described in the company’s offering documents.

Black Hawk Acquisition has not publicly identified a completed acquisition or an operating business providing products or services.