Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) Sees Significant Increase in Short Interest

Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 6,962 shares, an increase of 362.0% from the June 15th total of 1,507 shares. Based on an average daily trading volume, of 106,011 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Healthcare Capital Acquisition Stock Down 0.1%

Shares of Healthcare Capital Acquisition stock traded down $0.01 on Friday, hitting $10.05. 39,046 shares of the company traded hands, compared to its average volume of 101,203. Healthcare Capital Acquisition has a 52 week low of $9.91 and a 52 week high of $10.08. The company’s 50-day moving average price is $10.03. The firm has a market cap of $374.94 million, a PE ratio of 201.00 and a beta of 0.41.

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.