Bluerock Acquisition Corp. (NASDAQ:BLRK) Sees Significant Growth in Short Interest

Bluerock Acquisition Corp. (NASDAQ:BLRK) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 1,629 shares, an increase of 58.6% from the August 31st total of 1,027 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 156,740 shares, the days-to-cover ratio is presently 0.0 days.

Bluerock Acquisition Stock Performance

BLRK stock opened at $10.12 on Friday. The company has a 50 day simple moving average of $10.09 and a 200 day simple moving average of $10.00. Bluerock Acquisition has a 1 year low of $9.87 and a 1 year high of $10.68.

Analyst Ratings Changes

Separately, Weiss Ratings raised Bluerock Acquisition from a “sell (e-)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bluerock Acquisition presently has a consensus rating of “Sell”.

Bluerock Acquisition Company Profile

Bluerock Acquisition Corp. (NASDAQ: BLRK) is a special purpose acquisition company, or SPAC. The company was formed to pursue a business combination with an operating company, which may involve a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.

Unlike an operating business, Bluerock Acquisition does not have an established portfolio of products or services. Its principal activities are identifying and evaluating potential acquisition targets, negotiating transaction terms and completing a business combination.