Short Interest in Black Hawk Acquisition Co. (NASDAQ:BKHAR) Decreases By 42.2%

Black Hawk Acquisition Co. (NASDAQ:BKHAR) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 2,525 shares, a decrease of 42.2% from the May 14th total of 4,370 shares. Based on an average daily volume of 624 shares, the days-to-cover ratio is presently 4.0 days.

Black Hawk Acquisition Price Performance

Shares of Black Hawk Acquisition stock opened at $1.48 on Friday. Black Hawk Acquisition has a 52 week low of $0.86 and a 52 week high of $2.06. The business has a 50 day moving average price of $1.36 and a 200-day moving average price of $1.40.

About Black Hawk Acquisition

Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) organized to pursue merger, share exchange, asset acquisition, stock purchase, recapitalization, restructuring or similar business combination transactions with one or more businesses. The company’s objective is to identify and acquire a target company in industries that exhibit strong growth potential, such as technology, digital media and consumer products. The blank-check vehicle structure allows Black Hawk Acquisition to leverage its capital and sponsor expertise to complete a business combination.

Formed in mid-2021, Black Hawk Acquisition completed its initial public offering on the Nasdaq under the ticker symbol BKHAR, raising approximately $250 million in gross proceeds.