Bluerock Acquisition Corp. (NASDAQ:BLRK) Short Interest Update

Bluerock Acquisition Corp. (NASDAQ:BLRK) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,424 shares, a decline of 96.1% from the July 30th total of 36,929 shares. Based on an average trading volume of 60,386 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Bluerock Acquisition from a “sell (e-)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Bluerock Acquisition Stock Performance

NASDAQ:BLRK opened at $10.06 on Wednesday. The company’s fifty day simple moving average is $10.03. Bluerock Acquisition has a twelve month low of $9.87 and a twelve month high of $10.68.

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.