Healthcare Capital Acquisition Corp. I Rights (NASDAQ:HCACR) Sees Large Increase in Short Interest

Healthcare Capital Acquisition Corp. I Rights (NASDAQ:HCACR – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 5,197 shares, a growth of 156.8% from the July 15th total of 2,024 shares. Based on an average trading volume of 10,385 shares, the days-to-cover ratio is presently 0.5 days.

Healthcare Capital Acquisition Corp. I Rights Stock Performance

Shares of Healthcare Capital Acquisition Corp. I Rights stock opened at $0.25 on Friday. Healthcare Capital Acquisition Corp. I Rights has a 1 year low of $0.20 and a 1 year high of $0.35. The stock’s fifty day simple moving average is $0.28.

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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.

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