Bluerock Acquisition Corp. (NASDAQ:BLRK) Sees Large Increase in Short Interest

Bluerock Acquisition Corp. (NASDAQ:BLRK) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 36,929 shares, a growth of 26,090.8% from the July 15th total of 141 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 20,216 shares, the short-interest ratio is presently 1.8 days.

Bluerock Acquisition Trading Down 0.1%

Bluerock Acquisition stock opened at $10.06 on Wednesday. Bluerock Acquisition has a 1 year low of $9.87 and a 1 year high of $10.68. The firm’s 50 day moving average is $10.02.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of Bluerock Acquisition in a report on Friday, July 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bluerock Acquisition currently has an average rating of “Sell”.

About Bluerock Acquisition

Bluerock Acquisition Corporation (NASDAQ: BLRK) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, purchase of securities or other similar business combination. As a blank-check vehicle, the company’s primary corporate purpose is to identify and complete a business combination that will result in a non-SPAC operating company with publicly traded equity.

Following its IPO, Bluerock Acquisition typically holds the proceeds in a trust account while its management team evaluates potential targets, negotiates transaction terms and seeks shareholder approval for a proposed combination.