Short Interest in Bluerock Acquisition Corp. (NASDAQ:BLRK) Expands By 95.4%

Bluerock Acquisition Corp. (NASDAQ:BLRK – Get Free Report) saw a significant increase in short interest in 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 days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

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Bluerock Acquisition Price Performance

BLRK traded up $0.02 during trading on Monday, reaching $9.99. 123 shares of the company were exchanged, compared to its average volume of 19,666. Bluerock Acquisition has a 52 week low of $9.87 and a 52 week high of $10.00. The business’s 50 day moving average price is $9.94.

About Bluerock Acquisition

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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.

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