HCM II Acquisition Corp. (NASDAQ:HOND) Short Interest Up 665.3% in October

HCM II Acquisition Corp. (NASDAQ:HOND) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,210,000 shares, a growth of 665.3% from the September 30th total of 158,100 shares. Currently, 5.5% of the company’s shares are short sold. Based on an average daily trading volume, of 1,840,000 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 1,840,000 shares, the short-interest ratio is presently 0.7 days. Currently, 5.5% of the company’s shares are short sold.

HCM II Acquisition Stock Up 0.8%

NASDAQ:HOND opened at $18.04 on Thursday. The company has a 50 day moving average price of $15.73 and a 200 day moving average price of $12.77. HCM II Acquisition has a fifty-two week low of $9.97 and a fifty-two week high of $31.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of HCM II Acquisition in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On HCM II Acquisition

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

HCM II Acquisition Company Profile

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.