Black Hawk Acquisition Co. (NASDAQ:BKHA) Sees Significant Decline in Short Interest

Black Hawk Acquisition Co. (NASDAQ:BKHA) was the target of 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. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 12,800 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Black Hawk Acquisition

Hedge funds have recently modified their holdings of the stock. Rivernorth Capital Management LLC grew its holdings in Black Hawk Acquisition by 25.0% during 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 in the last quarter. Berkley W R Corp bought a new position in Black Hawk Acquisition during the 3rd quarter worth approximately $4,486,000. 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. Walleye Trading LLC acquired a new position in shares of Black Hawk Acquisition in the 3rd quarter valued at about $737,000. Finally, Walleye Capital LLC bought a new stake in shares of Black Hawk Acquisition during the 3rd quarter valued at about $1,309,000.

Black Hawk Acquisition Stock Up 0.1 %

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

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.