Healthcare Capital Acquisition Corp. I Rights (NASDAQ:HCACR) Short Interest Update

Healthcare Capital Acquisition Corp. I Rights (NASDAQ:HCACR) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 1,440 shares, a growth of 156.2% from the May 31st total of 562 shares. Based on an average daily volume of 108,761 shares, the days-to-cover ratio is currently 0.0 days.

Healthcare Capital Acquisition Corp. I Rights Price Performance

HCACR opened at $0.28 on Monday. The stock has a 50 day moving average price of $0.31. Healthcare Capital Acquisition Corp. I Rights has a 1-year low of $0.20 and a 1-year 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.