Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) Short Interest Update

Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 3,137 shares, an increase of 495.3% from the May 14th total of 527 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 18,104 shares, the days-to-cover ratio is presently 0.2 days.

Healthcare Capital Acquisition Stock Down 0.0%

Shares of HCAC traded down $0.01 on Friday, reaching $10.05. The company’s stock had a trading volume of 13,440 shares, compared to its average volume of 104,489. The stock has a market capitalization of $374.75 million, a PE ratio of 200.90 and a beta of 0.41. The company’s 50 day moving average price is $9.99. Healthcare Capital Acquisition has a 12-month low of $9.91 and a 12-month high of $10.08.

Healthcare Capital Acquisition (NASDAQ: HCAC) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through a public listing and pursue one or more business combinations. As a SPAC, Healthcare Capital Acquisition does not operate commercial businesses of its own; instead it holds funds in trust while identifying and negotiating a merger, acquisition or other business combination with an operating company, with a stated focus on opportunities in the healthcare sector.

The firm’s primary activities include sourcing and evaluating potential targets in healthcare and life sciences, structuring transactions, and completing a business combination that would result in the target becoming a publicly listed company.