Bluerock Acquisition Corp. (NASDAQ:BLRK) Short Interest Up 95.4% in May

Bluerock Acquisition Corp. (NASDAQ:BLRK) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 512 shares, a growth of 95.4% from the May 14th total of 262 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 4,751 shares, the days-to-cover ratio is presently 0.1 days.

Bluerock Acquisition Price Performance

BLRK traded down $0.02 during mid-day trading on Friday, reaching $9.97. 123 shares of the stock were exchanged, compared to its average volume of 19,666. The business has a 50 day moving average of $9.94. Bluerock Acquisition has a 1 year low of $9.87 and a 1 year high of $10.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on shares of Bluerock Acquisition in a report on Wednesday, April 29th. They set a “sell (e-)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Bluerock Acquisition Company Profile

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.