Black Hawk Acquisition Co. (NASDAQ:BKHA) Short Interest Up 40.9% in December

Black Hawk Acquisition Co. (NASDAQ:BKHA) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 3,100 shares, an increase of 40.9% from the November 30th total of 2,200 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 11,900 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Black Hawk Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rivernorth Capital Management LLC lifted its holdings in Black Hawk Acquisition by 25.0% in the third quarter. Rivernorth Capital Management LLC now owns 314,985 shares of the company’s stock valued at $3,225,000 after buying an additional 63,015 shares during the period. Cowen AND Company LLC bought a new position in shares of Black Hawk Acquisition in the 2nd quarter worth about $544,000. Walleye Capital LLC bought a new position in shares of Black Hawk Acquisition in the 3rd quarter worth about $1,309,000. Berkley W R Corp acquired a new position in shares of Black Hawk Acquisition in the 3rd quarter valued at about $4,486,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Black Hawk Acquisition during the 2nd quarter valued at about $1,014,000.

Black Hawk Acquisition Price Performance

BKHA remained flat at $10.37 during midday trading on Friday. The company has a fifty day simple moving average of $10.35 and a 200 day simple moving average of $10.24. Black Hawk Acquisition has a 52-week low of $10.09 and a 52-week high of $10.46.

About Black Hawk Acquisition

Black Hawk Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Danville, California.