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

Black Hawk Acquisition Corporation (NASDAQ:BKHA) saw a significant increase in short interest in 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. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 855 shares, the days-to-cover ratio is presently 0.4 days.

Black Hawk Acquisition Price Performance

BKHA traded down $0.10 on Friday, hitting $11.88. The company had a trading volume of 637 shares, compared to its average volume of 535. The stock has a fifty day moving average price of $12.11 and a 200-day moving average price of $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 released its quarterly earnings results on Wednesday, July 15th. The company reported $0.02 EPS for the quarter.

Institutional Investors Weigh In On Black Hawk Acquisition

Several institutional investors have recently bought and sold shares of BKHA. Quarry LP acquired a new position in shares of Black Hawk Acquisition during the third quarter worth $112,000. Clear Street Group Inc. lifted its holdings 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 valued at $664,000 after purchasing an additional 6,158 shares during the last quarter. Finally, Meteora Capital LLC purchased a new stake in shares of Black Hawk Acquisition during the 3rd quarter valued at $1,111,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Black Hawk Acquisition in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Black Hawk Acquisition 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.