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

Bluerock Acquisition Corp. (NASDAQ:BLRK) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 36,929 shares, a growth of 26,090.8% from the July 15th total of 141 shares. Based on an average daily trading volume, of 20,216 shares, the short-interest ratio is presently 1.8 days. Approximately 0.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of Bluerock Acquisition in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Bluerock Acquisition Stock Down 0.1%

BLRK stock traded down $0.01 during mid-day trading on Tuesday, reaching $10.06. The company had a trading volume of 45,748 shares, compared to its average volume of 25,587. Bluerock Acquisition has a 52 week low of $9.87 and a 52 week high of $10.68. The stock’s 50 day moving average is $10.02.

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.