Bluerock Acquisition Corp. (NASDAQ:BLRK) Short Interest Down 50.2% in June

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

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on 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, Bluerock Acquisition presently has an average rating of “Sell”.

Bluerock Acquisition Stock Up 0.1%

Shares of Bluerock Acquisition stock traded up $0.01 during trading on Wednesday, reaching $9.99. 4,457 shares of the stock traded hands, compared to its average volume of 19,398. Bluerock Acquisition has a 52-week low of $9.87 and a 52-week high of $10.00. The firm’s fifty day moving average price is $9.96.

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.