Black Hawk Acquisition Co. (NASDAQ:BKHAR) Sees Large Drop in Short Interest

Black Hawk Acquisition Co. (NASDAQ:BKHAR) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 70 shares, a decline of 97.5% from the February 26th total of 2,784 shares. Based on an average daily volume of 2,191 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 2,191 shares, the short-interest ratio is presently 0.0 days.

Black Hawk Acquisition Price Performance

Black Hawk Acquisition stock traded up $0.04 during mid-day trading on Tuesday, reaching $1.31. 2,895 shares of the company’s stock were exchanged, compared to its average volume of 7,518. Black Hawk Acquisition has a twelve month low of $0.86 and a twelve month high of $2.10. The company has a fifty day moving average of $1.48 and a 200-day moving average of $1.47.

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.