Black Hawk Acquisition Corporation (NASDAQ:BKHA) Sees Large Decline in Short Interest

Black Hawk Acquisition Corporation (NASDAQ:BKHA) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 49 shares, a decline of 32.9% from the June 30th total of 73 shares. Based on an average daily volume of 694 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Black Hawk Acquisition Stock Performance

Shares of Black Hawk Acquisition stock opened at $11.88 on Friday. Black Hawk Acquisition has a 1 year low of $10.93 and a 1 year high of $13.10. The company’s fifty day simple moving average is $12.23 and its 200-day simple moving average is $11.87.

Black Hawk Acquisition (NASDAQ:BKHA) last released its earnings results on Wednesday, July 15th. The company reported $0.02 EPS for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Meteora Capital LLC acquired a new position in shares of Black Hawk Acquisition during the third quarter valued at about $1,111,000. Quarry LP acquired a new stake in Black Hawk Acquisition during the third quarter worth about $112,000. Finally, Clear Street Group Inc. grew its position in Black Hawk Acquisition by 11.6% during the fourth quarter. Clear Street Group Inc. now owns 59,031 shares of the company’s stock worth $664,000 after buying an additional 6,158 shares in the last quarter.

About Black Hawk Acquisition

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.