Healthwell Acquisition Corp. I (NASDAQ:HWEL) Short Interest Down 70.8% in May

Healthwell Acquisition Corp. I (NASDAQ:HWEL – Get Rating) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 700 shares, a decline of 70.8% from the April 30th total of 2,400 shares. Based on an average trading volume of 12,800 shares, the short-interest ratio is currently 0.1 days.

NASDAQ:HWEL remained flat at $$9.71 during mid-day trading on Thursday. The firm has a 50 day moving average price of $9.69 and a 200-day moving average price of $9.67. Healthwell Acquisition Corp. I has a 12 month low of $9.52 and a 12 month high of $9.78.

A number of large investors have recently modified their holdings of the stock. Castle Creek Arbitrage LLC purchased a new position in Healthwell Acquisition Corp. I in the 4th quarter worth approximately $23,256,000. Apollo Management Holdings L.P. purchased a new position in Healthwell Acquisition Corp. I in the 4th quarter worth approximately $23,256,000. Radcliffe Capital Management L.P. purchased a new position in Healthwell Acquisition Corp. I in the 4th quarter worth approximately $17,740,000. PEAK6 Investments LLC purchased a new position in Healthwell Acquisition Corp. I in the 4th quarter worth approximately $15,330,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Healthwell Acquisition Corp. I in the 4th quarter worth approximately $10,877,000. 69.89% of the stock is owned by institutional investors.

Healthwell Acquisition Corp. I Company Profile (Get Rating)

Healthwell Acquisition Corp. I does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire technology-enabled companies in the healthcare industry.

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