HCM IV Acquisition Corp. (NASDAQ:HACQ – Get Free Report) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 175 shares, a growth of 297.7% from the October 15th total of 44 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 74,849 shares, the days-to-cover ratio is presently 0.0 days.
HCM IV Acquisition Stock Performance
HACQ opened at $10.04 on Thursday. HCM IV Acquisition has a 1-year low of $9.86 and a 1-year high of $10.09. The firm has a 50-day moving average price of $10.04 and a two-hundred day moving average price of $10.03.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded HCM IV Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
View Our Latest Research Report on HCM IV Acquisition
HCM IV Acquisition Company Profile
HCM IV Acquisition Corp. was a special purpose acquisition company (SPAC), formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It did not have an operating business or sell products and services of its own. The company’s stated search focus was on businesses in the technology, media and telecommunications sectors in Asia. Its role was to identify and complete a business combination rather than operate a business directly.
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