Short Interest in Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) Decreases By 52.0%

Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,507 shares, a decrease of 52.0% from the May 31st total of 3,137 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 61,874 shares, the short-interest ratio is presently 0.0 days.

Healthcare Capital Acquisition Stock Performance

Shares of NASDAQ:HCAC traded up $0.01 during midday trading on Tuesday, hitting $10.04. The company’s stock had a trading volume of 370,894 shares, compared to its average volume of 102,978. The stock has a market cap of $374.38 million, a P/E ratio of 200.70 and a beta of 0.41. Healthcare Capital Acquisition has a 12-month low of $9.91 and a 12-month high of $10.08. The business’s 50 day moving average is $10.01.

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.