HCM Acquisition Corp (NASDAQ:HCMA – Get Rating) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 1,200 shares, a drop of 25.0% from the October 31st total of 1,600 shares. Based on an average trading volume of 49,200 shares, the short-interest ratio is currently 0.0 days.
HCM Acquisition Stock Performance
Shares of NASDAQ:HCMA remained flat at $10.21 on Thursday. 3,884 shares of the stock traded hands, compared to its average volume of 72,893. The stock's 50-day moving average is $10.15 and its 200-day moving average is $10.06. HCM Acquisition has a 12-month low of $9.87 and a 12-month high of $10.55.
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Institutional Investors Weigh In On HCM Acquisition
Several institutional investors and hedge funds have recently modified their holdings of the stock. Polar Asset Management Partners Inc. lifted its position in shares of HCM Acquisition by 12.1% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 1,388,000 shares of the company's stock worth $14,019,000 after purchasing an additional 150,000 shares during the period. Millennium Management LLC lifted its position in shares of HCM Acquisition by 57.0% in the 2nd quarter. Millennium Management LLC now owns 1,326,950 shares of the company's stock worth $13,323,000 after purchasing an additional 481,500 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of HCM Acquisition in the 1st quarter worth about $12,121,000. MMCAP International Inc. SPC purchased a new stake in shares of HCM Acquisition in the 1st quarter worth about $9,970,000. Finally, Glazer Capital LLC purchased a new stake in shares of HCM Acquisition in the 1st quarter worth about $9,860,000. 64.88% of the stock is owned by hedge funds and other institutional investors.
HCM Acquisition Company Profile
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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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