Short Interest in Bluerock Acquisition Corp. (NASDAQ:BLRK) Declines By 96.1%

Bluerock Acquisition Corp. (NASDAQ:BLRK) was the target of a large decline in short interest in 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 daily volume of 60,386 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of 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, According to data from MarketBeat.com, Bluerock Acquisition currently has a consensus rating of “Sell”.

Bluerock Acquisition Stock Down 0.1%

Shares of NASDAQ BLRK traded down $0.01 during mid-day trading on Tuesday, hitting $10.06. 559,343 shares of the company traded hands, compared to its average volume of 30,549. Bluerock Acquisition has a 1 year low of $9.87 and a 1 year high of $10.68. The business’s 50 day moving average is $10.03.

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.