HCM Acquisition Corp (NASDAQ:HCMAU – Get Free Report) saw a large increase in short interest in the month of 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 presently 0.0 days.
HCM Acquisition Trading Up 0.5%
Shares of HCMAU traded up $0.06 during mid-day trading on Friday, reaching $10.51. The company had a trading volume of 5,865 shares, compared to its average volume of 5,181. HCM Acquisition has a twelve month low of $10.18 and a twelve month high of $10.55. The company’s 50-day moving average is $10.47 and its 200-day moving average is $10.40.
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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