HCM Acquisition Corp (NASDAQ:HCMA – Get Rating) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 4,000 shares, an increase of 233.3% from the August 15th total of 1,200 shares. Based on an average daily volume of 26,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On HCM Acquisition

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

HCM Acquisition Stock Up 0.1 %

HCMA traded up $0.01 during midday trading on Friday, hitting $10.07. The company has a 50 day moving average price of $10.03. HCM Acquisition has a twelve month low of $9.87 and a twelve month high of $10.10.

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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