Healthcare Capital Acquisition Corp. I Rights (NASDAQ:HCACR) Sees Large Drop in Short Interest

Healthcare Capital Acquisition Corp. I Rights (NASDAQ:HCACR) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 562 shares, a decrease of 38.1% from the May 14th total of 908 shares. Based on an average daily trading volume, of 23,558 shares, the days-to-cover ratio is presently 0.0 days.

Healthcare Capital Acquisition Corp. I Rights Stock Performance

NASDAQ:HCACR traded down $0.00 on Wednesday, reaching $0.30. 500 shares of the stock traded hands, compared to its average volume of 181,149. Healthcare Capital Acquisition Corp. I Rights has a 1-year low of $0.20 and a 1-year high of $0.35. The firm has a 50 day moving average of $0.31.

Healthcare Capital Acquisition Corp. I Rights (NASDAQ: HCACR) represent the rights issued in connection with Healthcare Capital Acquisition Corp., a special purpose acquisition company (SPAC) formed to effect a business combination with one or more businesses in the healthcare sector. As a blank-check company, its principal objective is to identify, negotiate and complete an acquisition, merger or similar transaction that will result in a operating public company focused on healthcare-related products and services.

The company’s primary activities are raising capital through its initial public offering and related unit structure, maintaining that capital in trust pending a qualifying business combination, and pursuing potential targets across healthcare subsectors such as pharmaceuticals, biotechnology, medical devices, healthcare services and health technology.