Bluerock Acquisition Corp. (NASDAQ:BLRK) Shares Shorted: Short Interest Up 58.6% in September

Bluerock Acquisition Corp. (NASDAQ:BLRK) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,629 shares, a growth of 58.6% from the August 31st total of 1,027 shares. Based on an average daily trading volume, of 156,740 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Bluerock Acquisition Stock Performance

NASDAQ BLRK remained flat at $10.12 on Wednesday. The company had a trading volume of 902 shares, compared to its average volume of 83,287. The business has a 50-day simple moving average of $10.08 and a 200 day simple moving average of $10.00. Bluerock Acquisition has a 12 month low of $9.87 and a 12 month high of $10.68.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Bluerock Acquisition from a “sell (e-)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Bluerock Acquisition Company Profile

Bluerock Acquisition Corp. (NASDAQ: BLRK) is a special purpose acquisition company, or SPAC. The company was formed to pursue a business combination with an operating company, which may involve a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.

Unlike an operating business, Bluerock Acquisition does not have an established portfolio of products or services. Its principal activities are identifying and evaluating potential acquisition targets, negotiating transaction terms and completing a business combination.