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

Bluerock Acquisition Corp. (NASDAQ:BLRK – Get Free Report) was the recipient 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. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 60,386 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Bluerock Acquisition from a “sell (e-)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

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Bluerock Acquisition Price Performance

Shares of Bluerock Acquisition stock traded down $0.01 on Tuesday, hitting $10.06. The company had a trading volume of 559,343 shares, compared to its average volume of 30,549. Bluerock Acquisition has a 52 week low of $9.87 and a 52 week high of $10.68. The business has a 50-day simple moving average of $10.03.

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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