HH&L Acquisition Co. (NYSE:HHLA – Get Rating) was the recipient of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 13,400 shares, an increase of 8.1% from the December 15th total of 12,400 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 162,500 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On HH&L Acquisition
Hedge funds and other institutional investors have recently bought and sold shares of the company. Exos Asset Management LLC purchased a new position in HH&L Acquisition in the 2nd quarter valued at $343,000. OLD Mission Capital LLC purchased a new stake in shares of HH&L Acquisition during the 2nd quarter worth $237,000. Mint Tower Capital Management B.V. purchased a new stake in shares of HH&L Acquisition during the 2nd quarter worth $1,376,000. Kohlberg Kravis Roberts & Co. L.P. boosted its position in shares of HH&L Acquisition by 482.3% during the 1st quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 128,894 shares of the company’s stock worth $1,262,000 after purchasing an additional 106,759 shares in the last quarter. Finally, Dakota Wealth Management purchased a new stake in shares of HH&L Acquisition during the 1st quarter worth $130,000. 64.07% of the stock is currently owned by hedge funds and other institutional investors.
HH&L Acquisition Stock Down 0.1 %
NYSE:HHLA traded down $0.01 during midday trading on Tuesday, reaching $10.16. The stock had a trading volume of 3,100 shares, compared to its average volume of 106,147. The firm has a fifty day simple moving average of $10.08 and a two-hundred day simple moving average of $9.97. HH&L Acquisition has a 12-month low of $9.67 and a 12-month high of $10.35. The stock has a market cap of $525.78 million, a P/E ratio of 46.23 and a beta of -0.02.
About HH&L Acquisition
HH&L Acquisition Co does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on healthcare or healthcare-related companies in Asian markets.
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