Short Interest in Black Hawk Acquisition Co. (NASDAQ:BKHA) Declines By 22.6%

Black Hawk Acquisition Co. (NASDAQ:BKHAGet Free Report) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 2,400 shares, a decline of 22.6% from the December 15th total of 3,100 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 12,800 shares, the days-to-cover ratio is currently 0.2 days.

Black Hawk Acquisition Stock Performance

BKHA traded up $0.01 on Friday, reaching $10.41. 10 shares of the company traded hands, compared to its average volume of 12,626. The stock’s 50 day moving average price is $10.36 and its 200-day moving average price is $10.27. Black Hawk Acquisition has a 52-week low of $10.09 and a 52-week high of $10.46.

Hedge Funds Weigh In On Black Hawk Acquisition

Institutional investors and hedge funds have recently modified their holdings of the stock. SkyView Investment Advisors LLC acquired a new stake in Black Hawk Acquisition during the second quarter valued at $103,000. Clear Street LLC acquired a new stake in shares of Black Hawk Acquisition during the 2nd quarter valued at about $531,000. Walleye Trading LLC bought a new stake in shares of Black Hawk Acquisition in the 3rd quarter valued at approximately $737,000. Verition Fund Management LLC increased its holdings in Black Hawk Acquisition by 66.2% in the third quarter. Verition Fund Management LLC now owns 76,300 shares of the company’s stock worth $781,000 after buying an additional 30,400 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its position in Black Hawk Acquisition by 13.2% during the third quarter. Wolverine Asset Management LLC now owns 113,243 shares of the company’s stock valued at $1,158,000 after acquiring an additional 13,243 shares in the last quarter.

Black Hawk Acquisition Company Profile

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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.

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