Bluerock Acquisition Corp. (NASDAQ:BLRK) Short Interest Up 95.4% in May

Bluerock Acquisition Corp. (NASDAQ:BLRK) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 512 shares, a growth of 95.4% from the May 14th total of 262 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,751 shares, the days-to-cover ratio is currently 0.1 days.

Bluerock Acquisition Trading Down 0.2%

BLRK stock traded down $0.02 during midday trading on Friday, reaching $9.97. 123 shares of the company’s stock traded hands, compared to its average volume of 19,666. The firm has a fifty day simple moving average of $9.94. Bluerock Acquisition has a 52 week low of $9.87 and a 52 week high of $10.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on shares of Bluerock Acquisition in a research note on Wednesday, April 29th. They set a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Bluerock Acquisition Company Profile

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.