Black Hawk Acquisition Co. (NASDAQ:BKHA) Short Interest Up 40.9% in December

Black Hawk Acquisition Co. (NASDAQ:BKHA) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 3,100 shares, an increase of 40.9% from the November 30th total of 2,200 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 11,900 shares, the short-interest ratio is presently 0.3 days.

Black Hawk Acquisition Stock Performance

Shares of BKHA remained flat at $10.37 during midday trading on Monday. Black Hawk Acquisition has a 1 year low of $10.09 and a 1 year high of $10.46. The firm’s fifty day simple moving average is $10.35 and its 200 day simple moving average is $10.24.

Hedge Funds Weigh In On Black Hawk Acquisition

Several hedge funds and other institutional investors have recently bought and sold shares of BKHA. SkyView Investment Advisors LLC purchased a new stake in shares of Black Hawk Acquisition during the second quarter worth about $103,000. Wolverine Asset Management LLC lifted its holdings in Black Hawk Acquisition by 13.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 113,243 shares of the company’s stock worth $1,158,000 after buying an additional 13,243 shares during the last quarter. Verition Fund Management LLC boosted 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 purchasing an additional 30,400 shares during the period. Clear Street LLC bought a new position in shares of Black Hawk Acquisition in the 2nd quarter worth about $531,000. Finally, Cowen AND Company LLC acquired a new position in shares of Black Hawk Acquisition in the 2nd quarter valued at about $544,000.

About Black Hawk Acquisition

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.