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

Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 11,430 shares, a growth of 64.2% from the June 30th total of 6,962 shares. Based on an average daily trading volume, of 136,006 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Healthcare Capital Acquisition Stock Performance

NASDAQ HCAC opened at $10.06 on Friday. The business has a fifty day moving average price of $10.05. The company has a market cap of $375.35 million, a price-to-earnings ratio of 201.22 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.

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.