Black Hawk Acquisition Corporation (NASDAQ:BKHA) Short Interest Down 50.0% in September

Key Points

• Short interest in Black Hawk Acquisition Corporation decreased by 50.0% in September, dropping from 200 shares to 100 shares, with a days-to-cover ratio of 0.0 days.
• Several institutional investors increased their stakes in Black Hawk Acquisition, including Wolverine Asset Management and Mizuho Securities, highlighting growing interest from large investors.
• Analysts maintain a "sell" rating on the stock, reflecting a consensus that the company's performance may not meet investor expectations.

Black Hawk Acquisition Corporation (NASDAQ:BKHA - Get Free Report) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 100 shares, a decrease of 50.0% from the September 15th total of 200 shares. Based on an average daily trading volume, of 6,500 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 6,500 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Black Hawk Acquisition

A number of large investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC increased its position in shares of Black Hawk Acquisition by 10.2% in the first quarter. Wolverine Asset Management LLC now owns 351,530 shares of the company's stock valued at $3,702,000 after acquiring an additional 32,461 shares during the period. Mizuho Securities USA LLC increased its holdings in Black Hawk Acquisition by 11.5% during the 1st quarter. Mizuho Securities USA LLC now owns 767,000 shares of the company's stock valued at $8,015,000 after purchasing an additional 78,925 shares during the period. Westchester Capital Management LLC bought a new position in Black Hawk Acquisition during the 1st quarter valued at approximately $3,162,000. Gabelli Funds LLC purchased a new stake in Black Hawk Acquisition in the 1st quarter worth approximately $237,000. Finally, Clear Street LLC grew its position in shares of Black Hawk Acquisition by 5.3% in the 2nd quarter. Clear Street LLC now owns 51,600 shares of the company's stock worth $548,000 after buying an additional 2,600 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Black Hawk Acquisition in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell".

Black Hawk Acquisition Price Performance

NASDAQ:BKHA opened at $11.26 on Monday. Black Hawk Acquisition has a fifty-two week low of $10.30 and a fifty-two week high of $11.86. The business has a 50 day moving average price of $11.07 and a 200-day moving average price of $10.84.

About Black Hawk Acquisition

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.

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