HCM Acquisition Corp (NASDAQ:HCMA – Get Rating) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 700 shares, an increase of 16.7% from the September 30th total of 600 shares. Based on an average daily trading volume, of 32,700 shares, the short-interest ratio is currently 0.0 days.

HCM Acquisition Price Performance

NASDAQ HCMA remained flat at $10.13 during trading on Friday. 5 shares of the company's stock traded hands, compared to its average volume of 10,194. The business's 50-day moving average price is $10.09 and its two-hundred day moving average price is $10.02. HCM Acquisition has a twelve month low of $9.87 and a twelve month high of $10.55.

Institutional Trading of HCM Acquisition

Institutional investors have recently modified their holdings of the company. State Street Corp bought a new stake in shares of HCM Acquisition in the second quarter worth about $185,000. Bank of Montreal Can bought a new stake in shares of HCM Acquisition in the second quarter worth about $344,000. Goldman Sachs Group Inc. bought a new stake in shares of HCM Acquisition in the first quarter worth about $457,000. Sculptor Capital LP bought a new stake in shares of HCM Acquisition in the first quarter worth about $499,000. Finally, PEAK6 Investments LLC bought a new stake in shares of HCM Acquisition in the second quarter worth about $502,000. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

About HCM Acquisition

HCM Acquisition Corp does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Stamford, Connecticut.

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