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

Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) was the target of a significant increase in short interest in 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. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 18,104 shares, the days-to-cover ratio is presently 0.2 days.

Healthcare Capital Acquisition Price Performance

Shares of NASDAQ HCAC remained flat at $10.05 during midday trading on Thursday. 76,928 shares of the stock were exchanged, compared to its average volume of 105,722. The stock has a market cap of $374.94 million, a PE ratio of 201.00 and a beta of 0.41. Healthcare Capital Acquisition has a 1-year low of $9.91 and a 1-year high of $10.08. The company has a 50-day moving average price of $9.99.

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.