HCM Acquisition Corp (NASDAQ:HCMA) Short Interest Update

HCM Acquisition Corp (NASDAQ:HCMA) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,948 shares, a decline of 69.3% from the June 15th total of 6,344 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 16,605 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised HCM Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HCMA. JPMorgan Chase & Co. purchased a new position in shares of HCM Acquisition in the 3rd quarter valued at approximately $251,000. Radcliffe Capital Management L.P. purchased a new stake in HCM Acquisition in the third quarter worth $5,810,000. Ghisallo Capital Management LLC bought a new position in HCM Acquisition in the third quarter worth $252,000. Two Sigma Investments LP purchased a new position in HCM Acquisition during the third quarter valued at $8,059,000. Finally, Davidson Kempner Capital Management LP purchased a new position in HCM Acquisition during the third quarter valued at $253,000. Hedge funds and other institutional investors own 11.79% of the company’s stock.

HCM Acquisition Stock Down 0.2%

Shares of NASDAQ HCMA traded down $0.02 during trading hours on Tuesday, hitting $10.30. The company’s stock had a trading volume of 437 shares, compared to its average volume of 46,702. HCM Acquisition has a 12 month low of $10.03 and a 12 month high of $10.49. The business has a 50-day simple moving average of $10.24 and a 200-day simple moving average of $10.16.

HCM Acquisition (NASDAQ:HCMA) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter.

HCM Acquisition Company Profile

HCM Acquisition Corp. is a Delaware‐incorporated special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more target businesses. The company raised capital through its initial public offering and is listed on the Nasdaq under the ticker HCMA. As a blank check vehicle, HCM Acquisition holds its funds in trust until it consummates a qualifying merger, share exchange, asset acquisition or other business combination.

The SPAC is sponsored by affiliates of Healthcare Capital Management LLC, a Los Angeles‐based investment firm with experience in healthcare and life sciences investing.