Black Hawk Acquisition Co. (NASDAQ:BKHAR) Short Interest Update

Black Hawk Acquisition Co. (NASDAQ:BKHAR) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 19 shares, a drop of 87.1% from the June 15th total of 147 shares. Based on an average trading volume of 877 shares, the days-to-cover ratio is currently 0.0 days.

Black Hawk Acquisition Trading Down 0.1%

Black Hawk Acquisition stock traded down $0.00 during midday trading on Friday, reaching $1.64. The stock had a trading volume of 412 shares, compared to its average volume of 9,177. Black Hawk Acquisition has a 12 month low of $0.86 and a 12 month high of $2.06. The firm’s 50-day moving average price is $1.44 and its 200 day moving average price is $1.42.

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.