HCM IV Acquisition Corp. (NASDAQ:HACQ) Sees Significant Growth in Short Interest

HCM IV Acquisition Corp. (NASDAQ:HACQ) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 175 shares, an increase of 297.7% from the October 15th total of 44 shares. Based on an average trading volume of 74,849 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

HCM IV Acquisition Price Performance

HACQ remained flat at $10.04 on Friday. 2,499 shares of the company were exchanged, compared to its average volume of 73,061. HCM IV Acquisition has a one year low of $9.86 and a one year high of $10.09. The firm has a 50 day moving average price of $10.04 and a two-hundred day moving average price of $10.03.

HCM IV Acquisition (NASDAQ:HACQ) last issued its earnings results on Friday, November 13th. The company reported $0.06 EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of HCM IV Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, HCM IV Acquisition presently has an average rating of “Sell”.

HCM IV Acquisition Company Profile

HCM IV Acquisition Corp. was a special purpose acquisition company (SPAC), formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It did not have an operating business or sell products and services of its own. The company’s stated search focus was on businesses in the technology, media and telecommunications sectors in Asia. Its role was to identify and complete a business combination rather than operate a business directly.