HCM Acquisition Corp (NASDAQ:HCMAU – Get Free Report) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 1 shares. Based on an average daily trading volume, of 64 shares, the days-to-cover ratio is currently 0.0 days.
HCM Acquisition Price Performance
NASDAQ:HCMAU traded up $0.06 on Friday, reaching $10.51. 5,865 shares of the company’s stock traded hands, compared to its average volume of 5,181. The stock has a 50-day simple moving average of $10.47 and a 200-day simple moving average of $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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