Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) Shares Shorted: Short Interest Down 43.6% in September

Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 557 shares, a decrease of 43.6% from the September 15th total of 988 shares. Based on an average trading volume of 88,151 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Healthcare Capital Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Healthcare Capital Acquisition stock. BlueCrest Capital Management Ltd purchased a new stake in shares of Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 250,000 shares of the company’s stock, valued at approximately $2,510,000. BlueCrest Capital Management Ltd owned about 0.67% of Healthcare Capital Acquisition at the end of the most recent reporting period. Institutional investors own 66.82% of the company’s stock.

Healthcare Capital Acquisition Price Performance

NASDAQ HCAC traded down $0.00 during trading on Friday, reaching $10.13. 552 shares of the company’s stock were exchanged, compared to its average volume of 94,419. The business has a 50 day moving average price of $10.11 and a 200-day moving average price of $10.05. The stock has a market capitalization of $377.77 million, a P/E ratio of 202.52 and a beta of 0.41. Healthcare Capital Acquisition has a fifty-two week low of $9.91 and a fifty-two week high of $10.18.

About Healthcare Capital Acquisition

Healthcare Capital Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company operating in the healthcare sector.

As a SPAC, the company did not operate healthcare facilities, manufacture medical products, or provide healthcare services of its own. Its primary activities involved raising capital through an initial public offering and evaluating potential merger or acquisition opportunities.