Healthcare Capital Acquisition Corp. I Rights (NASDAQ:HCACR) Short Interest Down 89.2% in May

Healthcare Capital Acquisition Corp. I Rights (NASDAQ:HCACR) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 908 shares, a decrease of 89.2% from the April 30th total of 8,425 shares. Based on an average daily volume of 2,214 shares, the short-interest ratio is presently 0.4 days.

Healthcare Capital Acquisition Corp. I Rights Stock Up 1.7%

Healthcare Capital Acquisition Corp. I Rights stock traded up $0.01 during midday trading on Friday, reaching $0.30. 7,900 shares of the company traded hands, compared to its average volume of 191,095. The company’s 50 day simple moving average is $0.30. Healthcare Capital Acquisition Corp. I Rights has a 12 month low of $0.20 and a 12 month high of $0.35.

Healthcare Capital Acquisition Corp. I Rights (NASDAQ: HCACR) represent the rights issued in connection with Healthcare Capital Acquisition Corp., a special purpose acquisition company (SPAC) formed to effect a business combination with one or more businesses in the healthcare sector. As a blank-check company, its principal objective is to identify, negotiate and complete an acquisition, merger or similar transaction that will result in a operating public company focused on healthcare-related products and services.

The company’s primary activities are raising capital through its initial public offering and related unit structure, maintaining that capital in trust pending a qualifying business combination, and pursuing potential targets across healthcare subsectors such as pharmaceuticals, biotechnology, medical devices, healthcare services and health technology.