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

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

Bluerock Acquisition Price Performance

BLRK stock traded up $0.01 on Tuesday, reaching $9.98. 123 shares of the company’s stock were exchanged, compared to its average volume of 19,666. The company has a fifty day moving average of $9.94. Bluerock Acquisition has a twelve month low of $9.87 and a twelve month high of $10.00.

Analysts Set New Price Targets

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