Black Hawk Acquisition Co. (NASDAQ:BKHAR) Sees Significant Growth in Short Interest

Black Hawk Acquisition Co. (NASDAQ:BKHAR) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,898 shares, an increase of 362.2% from the September 30th total of 627 shares. Based on an average daily volume of 24,275 shares, the days-to-cover ratio is currently 0.1 days.

Black Hawk Acquisition Stock Down 11.5%

Black Hawk Acquisition stock opened at $1.39 on Friday. Black Hawk Acquisition has a 52-week low of $0.69 and a 52-week high of $2.10. The company has a fifty day simple moving average of $1.40 and a 200-day simple moving average of $1.44.

About Black Hawk Acquisition

Black Hawk Acquisition Corporation is a special purpose acquisition company (SPAC) formed to identify and complete a business combination, such as a merger, acquisition, or similar transaction, with one or more operating businesses. The company does not have significant ongoing commercial operations of its own and was established primarily to raise capital for a future transaction.

Its securities trade on the Nasdaq under the symbol BKHAR, which represents the company’s units. These units generally consist of shares of common stock and redeemable warrants, although the specific terms are described in the company’s offering documents.

Black Hawk Acquisition has not publicly identified a completed acquisition or an operating business providing products or services.