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

Black Hawk Acquisition Co. (NASDAQ:BKHA) was the target 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. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Black Hawk Acquisition Price Performance

Black Hawk Acquisition stock remained flat at $10.37 during trading hours on Friday. The stock has a fifty day moving average price of $10.35 and a 200-day moving average price of $10.24. Black Hawk Acquisition has a 1 year low of $10.09 and a 1 year high of $10.46.

Hedge Funds Weigh In On Black Hawk Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKHA. Rivernorth Capital Management LLC lifted its holdings in shares of Black Hawk Acquisition by 25.0% during the third 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. Cowen AND Company LLC bought a new position in Black Hawk Acquisition during the 2nd quarter valued at about $544,000. Walleye Capital LLC purchased a new stake in shares of Black Hawk Acquisition during the 3rd quarter valued at about $1,309,000. Berkley W R Corp bought a new stake in shares of Black Hawk Acquisition in the third quarter worth approximately $4,486,000. Finally, Wolverine Asset Management LLC purchased a new stake in Black Hawk Acquisition in the second quarter worth approximately $1,014,000.

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.