HCM Acquisition Corp (NASDAQ:HCMAU – Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 1 shares. Based on an average daily volume of 64 shares, the short-interest ratio is currently 0.0 days.
HCM Acquisition Trading Up 0.5%
HCMAU traded up $0.06 during trading on Friday, hitting $10.51. The company’s stock had a trading volume of 5,865 shares, compared to its average volume of 5,181. The firm’s 50 day moving average price is $10.47 and its two-hundred day moving average price is $10.40. HCM Acquisition has a 12 month low of $10.18 and a 12 month high of $10.55.
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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