Short Interest in Bluerock Acquisition Corp. (NASDAQ:BLRK) Drops By 50.2%

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

Bluerock Acquisition Trading Up 0.2%

BLRK stock traded up $0.01 during trading on Thursday, hitting $9.99. The stock had a trading volume of 577 shares, compared to its average volume of 19,485. The company 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on Bluerock Acquisition in a research report on Wednesday, April 29th. They issued a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently 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.