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

Bluerock Acquisition Corp. (NASDAQ:BLRK) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,424 shares, a decline of 96.1% from the July 30th total of 36,929 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 60,386 shares, the days-to-cover ratio is presently 0.0 days.

Bluerock Acquisition Price Performance

NASDAQ BLRK opened at $10.07 on Thursday. The company has a fifty day simple moving average of $10.04. Bluerock Acquisition has a 12-month low of $9.87 and a 12-month high of $10.68.

Analyst Ratings Changes

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