Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) Short Interest Up 362.0% in June

Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 6,962 shares, an increase of 362.0% from the June 15th total of 1,507 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 106,011 shares, the short-interest ratio is presently 0.1 days.

Healthcare Capital Acquisition Stock Performance

Shares of NASDAQ HCAC opened at $10.05 on Tuesday. The firm has a market capitalization of $374.94 million, a price-to-earnings ratio of 201.00 and a beta of 0.41. The firm has a 50-day moving average of $10.03. Healthcare Capital Acquisition has a 52-week low of $9.91 and a 52-week high of $10.08.

Healthcare Capital Acquisition (NASDAQ: HCAC) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through a public listing and pursue one or more business combinations. As a SPAC, Healthcare Capital Acquisition does not operate commercial businesses of its own; instead it holds funds in trust while identifying and negotiating a merger, acquisition or other business combination with an operating company, with a stated focus on opportunities in the healthcare sector.

The firm’s primary activities include sourcing and evaluating potential targets in healthcare and life sciences, structuring transactions, and completing a business combination that would result in the target becoming a publicly listed company.