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

Black Hawk Acquisition Co. (NASDAQ:BKHA) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 2,800 shares, a decline of 17.6% from the August 15th total of 3,400 shares. Based on an average trading volume of 12,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Shaolin Capital Management LLC bought a new position in Black Hawk Acquisition in the 2nd quarter worth approximately $3,874,000. Glazer Capital LLC acquired a new position in Black Hawk Acquisition during the 2nd quarter worth $1,381,000. Whitebox Advisors LLC bought a new position in shares of Black Hawk Acquisition in the second quarter worth $1,268,000. Wolverine Asset Management LLC acquired a new position in shares of Black Hawk Acquisition during the second quarter valued at $1,014,000. Finally, Warberg Asset Management LLC bought a new stake in shares of Black Hawk Acquisition during the second quarter valued at about $752,000.

Black Hawk Acquisition Price Performance

Black Hawk Acquisition stock opened at $10.21 on Wednesday. Black Hawk Acquisition has a one year low of $10.09 and a one year high of $10.22. The business’s 50-day moving average price is $10.17.

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.