HCM Acquisition Corp (NASDAQ:HCMAU – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 1 shares. Based on an average trading volume of 64 shares, the short-interest ratio is currently 0.0 days.
HCM Acquisition Price Performance
Shares of NASDAQ:HCMAU opened at $10.44 on Monday. HCM Acquisition has a 12-month low of $10.18 and a 12-month high of $10.55. The stock’s 50-day moving average price is $10.47 and its two-hundred day moving average price is $10.40.
About HCM Acquisition
HCM Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. The company was formed to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
Unlike an operating company, HCM Acquisition Corp. does not have an established portfolio of products or services. Its activities primarily involve evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.
The company’s units trade on the Nasdaq under the symbol HCMAU.
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