Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) Short Interest Down 54.3% in August

Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 2,153 shares, a decline of 54.3% from the August 15th total of 4,707 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 46,203 shares, the short-interest ratio is presently 0.0 days.

Healthcare Capital Acquisition Stock Performance

Shares of HCAC opened at $10.10 on Monday. Healthcare Capital Acquisition has a 12 month low of $9.91 and a 12 month high of $10.11. The firm has a fifty day simple moving average of $10.08 and a 200 day simple moving average of $10.02. The stock has a market capitalization of $376.80 million, a price-to-earnings ratio of 202.00 and a beta of 0.41.

Institutional Trading of Healthcare Capital Acquisition

A hedge fund 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 its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 66.82% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on Healthcare Capital Acquisition in a report on Monday, August 24th. They set a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

About Healthcare Capital Acquisition

Healthcare Capital Acquisition Corp. (NASDAQ: HCAC) was a special purpose acquisition company (SPAC) formed to pursue a business combination with a company in the healthcare industry. As a blank-check company, it did not operate a healthcare business or offer its own products and services.

Its investment focus was broadly oriented toward healthcare, life sciences, medical technology, pharmaceuticals, biotechnology, diagnostics and related sectors. The company’s principal activity was identifying a suitable target, negotiating a transaction and obtaining approval from its shareholders and other stakeholders.

Because Healthcare Capital Acquisition Corp.