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

Bluerock Acquisition Corp. (NASDAQ:BLRK) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 255 shares, a decrease of 50.2% from the May 31st total of 512 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 4,242 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on Bluerock Acquisition in a report on Wednesday, April 29th. They set a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bluerock Acquisition has an average rating of “Sell”.

Bluerock Acquisition Stock Down 0.1%

Shares of BLRK traded down $0.01 during mid-day trading on Tuesday, hitting $9.98. 16,411 shares of the company traded hands, compared to its average volume of 19,624. The business has a 50-day moving average price of $9.96. Bluerock Acquisition has a 1 year low of $9.87 and a 1 year high of $10.00.

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.