Black Hawk Acquisition Co. (NASDAQ:BKHAU – Get Free Report) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 425 shares, a decline of 95.4% from the October 15th total of 9,247 shares. Based on an average daily volume of 405 shares, the days-to-cover ratio is currently 1.0 days.
Black Hawk Acquisition Trading Down 15.0%
Shares of BKHAU stock opened at $5.91 on Wednesday. The stock has a 50 day moving average price of $9.86 and a two-hundred day moving average price of $11.57. Black Hawk Acquisition has a fifty-two week low of $4.02 and a fifty-two week high of $16.27.
Black Hawk Acquisition Company Profile
Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC), not an operating business. Its primary purpose is to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more companies. The company does not itself provide operating products or services. Its business activities, markets and geographic reach would depend on any company it combines with. Black Hawk Acquisition Corp.’s initial offering materials did not identify a specific target or operating industry.
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