Healthcare Capital Acquisition Corp. I Rights (NASDAQ:HCACR) Short Interest Update
by Renee Jackson · The Cerbat GemHealthcare Capital Acquisition Corp. I Rights (NASDAQ:HCACR – Get Free Report) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 562 shares, a decrease of 38.1% from the May 14th total of 908 shares. Based on an average daily volume of 23,558 shares, the days-to-cover ratio is presently 0.0 days.
Healthcare Capital Acquisition Corp. I Rights Trading Up 7.0%
NASDAQ HCACR traded up $0.02 during trading hours on Tuesday, reaching $0.32. The company’s stock had a trading volume of 500 shares, compared to its average volume of 181,149. The firm has a 50-day moving average price of $0.31. Healthcare Capital Acquisition Corp. I Rights has a 1-year low of $0.20 and a 1-year high of $0.35.
Healthcare Capital Acquisition Corp. I Rights (NASDAQ: HCACR) represent the rights issued in connection with Healthcare Capital Acquisition Corp., a special purpose acquisition company (SPAC) formed to effect a business combination with one or more businesses in the healthcare sector. As a blank-check company, its principal objective is to identify, negotiate and complete an acquisition, merger or similar transaction that will result in a operating public company focused on healthcare-related products and services.
The company’s primary activities are raising capital through its initial public offering and related unit structure, maintaining that capital in trust pending a qualifying business combination, and pursuing potential targets across healthcare subsectors such as pharmaceuticals, biotechnology, medical devices, healthcare services and health technology.