HCM II Acquisition Corp. (NASDAQ:HOND) Short Interest Up 249.0% in September

Key Points

• HCM II Acquisition Corp. experienced a significant increase in short interest in September, rising by 249.0% to a total of 158,100 shares.
• Institutional investors have actively engaged with HCM II Acquisition, with multiple hedge funds purchasing new positions, including notable investments from Calamos Advisors LLC and Magnetar Financial LLC.
• Despite a recent increase in stock price of 11.4%, Wall Street analysts maintain a negative outlook, with Weiss Ratings giving the stock a rating of "sell (d-)".

HCM II Acquisition Corp. (NASDAQ:HOND - Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 158,100 shares, an increase of 249.0% from the September 15th total of 45,300 shares. Based on an average daily volume of 1,030,000 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the company's shares are sold short. Approximately 0.7% of the company's shares are sold short. Based on an average daily volume of 1,030,000 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On HCM II Acquisition

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Calamos Advisors LLC purchased a new position in shares of HCM II Acquisition during the first quarter valued at approximately $5,288,000. Context Capital Management LLC purchased a new position in HCM II Acquisition during the first quarter valued at $3,156,000. Mizuho Securities USA LLC purchased a new stake in shares of HCM II Acquisition in the first quarter worth $271,000. MMCAP International Inc. SPC bought a new position in shares of HCM II Acquisition during the first quarter valued at $10,310,000. Finally, Magnetar Financial LLC purchased a new position in shares of HCM II Acquisition in the 1st quarter worth about $20,719,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of HCM II Acquisition in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of "Sell".

HCM II Acquisition Stock Up 11.4%

Shares of HCM II Acquisition stock traded up $2.66 during trading on Friday, hitting $25.92. The company's stock had a trading volume of 4,966,956 shares, compared to its average volume of 3,504,086. HCM II Acquisition has a 52 week low of $9.96 and a 52 week high of $31.50. The company has a fifty day simple moving average of $14.52 and a two-hundred day simple moving average of $12.27.

About HCM II Acquisition

HCM II Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 4, 2024 and is headquartered in Stamford, CT.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.