HCM II Acquisition Corp. (NASDAQ:HOND – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,210,000 shares, an increase of 665.3% from the September 30th total of 158,100 shares. Approximately 5.5% of the shares of the company are sold short. Based on an average daily trading volume, of 1,840,000 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 1,840,000 shares, the short-interest ratio is presently 0.7 days. Approximately 5.5% of the shares of the company are sold short.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of HCM II Acquisition in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, HCM II Acquisition currently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on HCM II Acquisition
Institutional Inflows and Outflows
HCM II Acquisition Stock Down 11.9%
Shares of HCM II Acquisition stock opened at $17.89 on Tuesday. The company has a fifty day moving average of $15.47 and a 200 day moving average of $12.67. HCM II Acquisition has a fifty-two week low of $9.97 and a fifty-two week high of $31.50.
About HCM II Acquisition
HCM II Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 4, 2024 and is headquartered in Stamford, CT.
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