HCM IV Acquisition Corp. (NASDAQ:HACQ) Stock Short Interest Report for October

HCM IV Acquisition Corp. (NASDAQ:HACQ) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 44 shares, a decrease of 45.0% from the September 30th total of 80 shares. Based on an average daily volume of 74,474 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of HCM IV Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 9th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, HCM IV Acquisition has an average rating of “Sell”.

HCM IV Acquisition Price Performance

Shares of NASDAQ HACQ traded up $0.01 during midday trading on Friday, hitting $10.03. 7,897 shares of the company traded hands, compared to its average volume of 67,136. HCM IV Acquisition has a 12-month low of $9.86 and a 12-month high of $10.09. The firm has a 50-day moving average of $10.05.

HCM IV Acquisition Company Profile

HCM IV Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Its potential transactions may include a merger, acquisition, share exchange, asset acquisition, reorganization or similar corporate transaction.

As a SPAC, HCM IV Acquisition Corp. does not have an operating business, products or services of its own. Before completing a business combination, its activities are generally limited to evaluating potential targets, conducting due diligence and managing funds raised through its public offering.

Publicly available information about the company’s specific target focus, geographic operations and leadership is limited.