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

Bluerock Acquisition Corp. (NASDAQ:BLRK) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 255 shares, a decrease of 50.2% from the May 31st total of 512 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 4,242 shares, the short-interest ratio is currently 0.1 days.

Bluerock Acquisition Stock Performance

Shares of Bluerock Acquisition stock traded down $0.01 on Tuesday, reaching $9.98. 16,411 shares of the company’s stock were exchanged, compared to its average volume of 19,624. Bluerock Acquisition has a 52 week low of $9.87 and a 52 week high of $10.00. The business has a 50-day moving average price of $9.96.

Analyst Upgrades and Downgrades

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