Black Hawk Acquisition Co. (NASDAQ:BKHAU) Sees Large Increase in Short Interest

Black Hawk Acquisition Co. (NASDAQ:BKHAU) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 715 shares, an increase of ∞ from the May 31st total of 0 shares. Based on an average daily trading volume, of 1,237 shares, the days-to-cover ratio is currently 0.6 days.

Black Hawk Acquisition Trading Up 0.2%

Shares of NASDAQ:BKHAU opened at $12.00 on Wednesday. The business’s fifty day moving average price is $12.38 and its two-hundred day moving average price is $12.10. Black Hawk Acquisition has a one year low of $10.70 and a one year high of $16.10.

About Black Hawk Acquisition

Black Hawk Acquisition (NASDAQ: BKHAU) is a special purpose acquisition company (SPAC) incorporated in Delaware. It was formed to raise capital through an initial public offering for the purpose of identifying and completing a merger, acquisition, or other business combination with one or more businesses.

The company completed its initial public offering in mid-2021, raising gross proceeds that are held in a trust account until a qualifying transaction is consummated. As a blank-check vehicle, Black Hawk Acquisition has no commercial operations or revenue of its own and does not currently report any operating results outside of interest income on its trust holdings.

Black Hawk Acquisition is focused on targeting businesses in sectors where its promoters and advisors have expertise.