Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) Short Interest Update

Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 988 shares, a decrease of 54.1% from the August 31st total of 2,153 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 48,134 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Healthcare Capital Acquisition

A hedge fund recently bought a new position in Healthcare Capital Acquisition stock. Governors Lane LP purchased a new stake in shares of Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 275,000 shares of the company’s stock, valued at approximately $2,761,000. Governors Lane LP owned 0.74% of Healthcare Capital Acquisition as of its most recent filing with the SEC. 66.82% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Capital Acquisition Trading Up 0.1%

Shares of NASDAQ:HCAC traded up $0.01 during trading on Tuesday, reaching $10.12. The company’s stock had a trading volume of 105,309 shares, compared to its average volume of 90,336. The stock has a market capitalization of $377.73 million, a PE ratio of 202.50 and a beta of 0.41. Healthcare Capital Acquisition has a 12 month low of $9.91 and a 12 month high of $10.13. The firm’s 50 day simple moving average is $10.09 and its two-hundred day simple moving average is $10.03.

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.