Short Interest in Black Hawk Acquisition Co. (NASDAQ:BKHA) Drops By 32.8%

Black Hawk Acquisition Co. (NASDAQ:BKHA) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 3,900 shares, a decline of 32.8% from the October 31st total of 5,800 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 11,500 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SkyView Investment Advisors LLC purchased a new position in shares of Black Hawk Acquisition in the 2nd quarter worth $103,000. Wolverine Asset Management LLC increased its stake 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 worth $1,158,000 after acquiring an additional 13,243 shares during the last quarter. TrueMark Investments LLC purchased a new stake in Black Hawk Acquisition during the second quarter valued at approximately $200,000. Verition Fund Management LLC lifted its stake in shares of Black Hawk Acquisition by 66.2% in the 3rd quarter. Verition Fund Management LLC now owns 76,300 shares of the company’s stock valued at $781,000 after purchasing an additional 30,400 shares during the last quarter. Finally, Clear Street LLC purchased a new position in shares of Black Hawk Acquisition in the 2nd quarter worth approximately $531,000.

Black Hawk Acquisition Stock Performance

Shares of Black Hawk Acquisition stock remained flat at $10.36 on Friday. Black Hawk Acquisition has a 52 week low of $10.09 and a 52 week high of $10.46. The firm’s 50-day moving average price is $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.