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

Black Hawk Acquisition Co. (NASDAQ:BKHAR) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 444 shares, a growth of 2,236.8% from the August 31st total of 19 shares. Based on an average daily volume of 849 shares, the days-to-cover ratio is currently 0.5 days.

Black Hawk Acquisition Trading Up 5.2%

Shares of NASDAQ BKHAR traded up $0.08 during mid-day trading on Thursday, hitting $1.62. The company had a trading volume of 8,223 shares, compared to its average volume of 7,442. Black Hawk Acquisition has a 12 month low of $0.69 and a 12 month high of $1.99. The firm’s 50 day simple moving average is $1.41 and its two-hundred day simple moving average is $1.41.

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.