Short Interest in Black Hawk Acquisition Co. (NASDAQ:BKHAU) Drops By 73.3%

Black Hawk Acquisition Co. (NASDAQ:BKHAU) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 191 shares, a drop of 73.3% from the June 15th total of 715 shares. Based on an average daily volume of 5,719 shares, the days-to-cover ratio is presently 0.0 days.

Black Hawk Acquisition Stock Performance

Shares of NASDAQ BKHAU opened at $11.96 on Tuesday. The company has a 50 day moving average of $12.46 and a 200 day moving average of $12.11. Black Hawk Acquisition has a twelve month low of $10.70 and a twelve month high of $16.10.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition (NASDAQ: BKHAU) is a special purpose acquisition company (SPAC) incorporated in Delaware. It was formed to raise capital through an initial public offering for the purpose of identifying and completing a merger, acquisition, or other business combination with one or more businesses.

The company completed its initial public offering in mid-2021, raising gross proceeds that are held in a trust account until a qualifying transaction is consummated. As a blank-check vehicle, Black Hawk Acquisition has no commercial operations or revenue of its own and does not currently report any operating results outside of interest income on its trust holdings.

Black Hawk Acquisition is focused on targeting businesses in sectors where its promoters and advisors have expertise.