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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Walleye Trading LLC purchased a new position in shares of Black Hawk Acquisition in the 3rd quarter valued at $737,000. Verition Fund Management LLC grew its holdings in shares of Black Hawk Acquisition by 66.2% during 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 last quarter. Wolverine Asset Management LLC increased its position in shares of Black Hawk Acquisition by 13.2% during the third quarter. Wolverine Asset Management LLC now owns 113,243 shares of the company’s stock worth $1,158,000 after purchasing an additional 13,243 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Black Hawk Acquisition in the 3rd quarter valued at about $1,309,000. Finally, Rivernorth Capital Management LLC lifted its holdings in shares of Black Hawk Acquisition by 25.0% in the 3rd quarter. Rivernorth Capital Management LLC now owns 314,985 shares of the company’s stock valued at $3,225,000 after purchasing an additional 63,015 shares during the last quarter.

Black Hawk Acquisition Stock Performance

Shares of BKHA stock remained flat at $10.43 on Friday. The firm’s 50 day simple moving average is $10.38 and its 200-day simple moving average is $10.29. Black Hawk Acquisition has a 1-year low of $10.09 and a 1-year high of $10.49.

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.