Black Hawk Acquisition Co. (NASDAQ:BKHA) Sees Large Decrease in Short Interest

Black Hawk Acquisition Co. (NASDAQ:BKHA) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 3,100 shares, a decline of 8.8% from the September 15th total of 3,400 shares. Based on an average trading volume of 15,300 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SkyView Investment Advisors LLC bought a new position in Black Hawk Acquisition in the 2nd quarter worth $103,000. TrueMark Investments LLC bought a new position in Black Hawk Acquisition in the 2nd quarter worth $200,000. Clear Street LLC purchased a new stake in Black Hawk Acquisition in the 2nd quarter worth $531,000. Cowen AND Company LLC purchased a new stake in Black Hawk Acquisition in the 2nd quarter worth $544,000. Finally, Warberg Asset Management LLC purchased a new stake in Black Hawk Acquisition in the 2nd quarter worth $752,000.

Black Hawk Acquisition Price Performance

Shares of BKHA stock traded up $0.01 during mid-day trading on Thursday, reaching $10.26. 8,687 shares of the company’s stock traded hands, compared to its average volume of 57,139. The firm’s 50 day moving average price is $10.21. Black Hawk Acquisition has a 12 month low of $10.09 and a 12 month high of $10.30.

Black Hawk Acquisition Company Profile

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.