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

Bluerock Acquisition Corp. (NASDAQ:BLRK) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,629 shares, a growth 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 currently 0.0 days.

Bluerock Acquisition Stock Performance

Shares of BLRK stock remained flat at $10.12 during midday trading on Wednesday. The company’s stock had a trading volume of 902 shares, compared to its average volume of 83,287. Bluerock Acquisition has a 1 year low of $9.87 and a 1 year high of $10.68. The company has a 50-day simple moving average of $10.08 and a 200 day simple moving average of $10.00.

Wall Street Analyst Weigh In

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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Bluerock Acquisition currently has a consensus rating of “Sell”.

About Bluerock Acquisition

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.