HCM IV Acquisition Corp. (NASDAQ:HACQ) Stock Short Interest Jumps 297.7%

HCM IV Acquisition Corp. (NASDAQ:HACQ) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 175 shares, a growth of 297.7% from the October 15th total of 44 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 74,849 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded HCM IV Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of “Sell”.

HCM IV Acquisition Stock Performance

HCM IV Acquisition stock opened at $10.04 on Thursday. HCM IV Acquisition has a 1 year low of $9.86 and a 1 year high of $10.09. The company’s 50-day moving average is $10.04 and its two-hundred day moving average is $10.03.

HCM IV Acquisition Company Profile

HCM IV Acquisition Corp. was a special purpose acquisition company (SPAC), formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It did not have an operating business or sell products and services of its own. The company’s stated search focus was on businesses in the technology, media and telecommunications sectors in Asia. Its role was to identify and complete a business combination rather than operate a business directly.