HH&L Acquisition Co. (NYSE:HHLA) Short Interest Update

HH&L Acquisition Co. (NYSE:HHLAGet Rating) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 9,100 shares, a drop of 28.9% from the March 15th total of 12,800 shares. Based on an average daily trading volume, of 100,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

HHLA stock remained flat at $$9.82 during trading on Friday. 3,360 shares of the company traded hands, compared to its average volume of 93,356. The firm has a market capitalization of $508.19 million and a P/E ratio of -17.23. HH&L Acquisition has a 12 month low of $9.60 and a 12 month high of $10.00. The business has a 50-day simple moving average of $9.78.

HH&L Acquisition (NYSE:HHLAGet Rating) last announced its earnings results on Wednesday, March 30th. The company reported ($0.09) earnings per share for the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in HHLA. Hunting Hill Global Capital LLC acquired a new stake in HH&L Acquisition in the third quarter valued at approximately $3,915,000. Dark Forest Capital Management LP acquired a new stake in shares of HH&L Acquisition during the third quarter worth $3,559,000. Basso Capital Management L.P. lifted its stake in shares of HH&L Acquisition by 1,134.7% during the third quarter. Basso Capital Management L.P. now owns 393,856 shares of the company’s stock worth $3,828,000 after buying an additional 361,956 shares during the period. Saba Capital Management L.P. lifted its stake in shares of HH&L Acquisition by 69.4% during the fourth quarter. Saba Capital Management L.P. now owns 796,851 shares of the company’s stock worth $7,753,000 after buying an additional 326,561 shares during the period. Finally, Qube Research & Technologies Ltd lifted its stake in shares of HH&L Acquisition by 805.8% during the fourth quarter. Qube Research & Technologies Ltd now owns 234,459 shares of the company’s stock worth $2,281,000 after buying an additional 208,574 shares during the period. Institutional investors own 53.14% of the company’s stock.

HH&L Acquisition Company Profile (Get Rating)

HH&L Acquisition Co is a blank check company. HH&L Acquisition Co was incorporated in 2020 and is based in Central, Hong Kong.

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