HCM II Acquisition Corp. (NASDAQ:HOND) Sees Large Increase in Short Interest

HCM II Acquisition Corp. (NASDAQ:HONDGet 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

Hedge funds have recently bought and sold shares of the company. Calamos Advisors LLC bought a new position in shares of HCM II Acquisition during the 1st quarter valued at about $5,288,000. Context Capital Management LLC bought a new position in shares of HCM II Acquisition during the 1st quarter valued at about $3,156,000. Mizuho Securities USA LLC bought a new position in shares of HCM II Acquisition during the 1st quarter valued at about $271,000. MMCAP International Inc. SPC bought a new position in shares of HCM II Acquisition during the 1st quarter valued at about $10,310,000. Finally, Magnetar Financial LLC bought a new position in shares of HCM II Acquisition during the 1st quarter valued at about $20,719,000.

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

(Get Free Report)

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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