Short Interest in Healthcare Capital Acquisition Corp. I Rights (NASDAQ:HCACR) Declines By 89.2%

Healthcare Capital Acquisition Corp. I Rights (NASDAQ:HCACR) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 908 shares, a decline of 89.2% from the April 30th total of 8,425 shares. Based on an average daily trading volume, of 2,214 shares, the days-to-cover ratio is currently 0.4 days.

Healthcare Capital Acquisition Corp. I Rights Stock Performance

NASDAQ:HCACR remained flat at $0.30 during mid-day trading on Thursday. The company’s stock had a trading volume of 7,900 shares, compared to its average volume of 191,095. Healthcare Capital Acquisition Corp. I Rights has a fifty-two week low of $0.20 and a fifty-two week high of $0.35. The business’s 50-day simple moving average is $0.29.

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.