Short Interest in Jaws Hurricane Acquisition Corp. Unit (NASDAQ:HCNEU) Declines By 97.4%

Jaws Hurricane Acquisition Corp. Unit (NASDAQ:HCNEU) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 7,900 shares, a decrease of 97.4% from the August 15th total of 301,300 shares. Based on an average daily volume of 233,700 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Shares of HCNEU stock traded down $0.11 on Tuesday, reaching $9.87. The stock had a trading volume of 400 shares, compared to its average volume of 140,639. The stock’s 50-day moving average price is $10.00. Jaws Hurricane Acquisition Corp. Unit has a 12 month low of $9.80 and a 12 month high of $10.20.

Hedge funds have recently modified their holdings of the company. OMERS ADMINISTRATION Corp bought a new position in Jaws Hurricane Acquisition Corp. Unit in the 2nd quarter valued at about $101,000. Warberg Asset Management LLC acquired a new stake in shares of Jaws Hurricane Acquisition Corp. Unit during the 2nd quarter worth approximately $114,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Jaws Hurricane Acquisition Corp. Unit during the 2nd quarter worth approximately $201,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Jaws Hurricane Acquisition Corp. Unit during the 2nd quarter worth approximately $201,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Jaws Hurricane Acquisition Corp. Unit during the 2nd quarter worth approximately $232,000.

About Jaws Hurricane Acquisition Corp. Unit

Jaws Hurricane Acquisition Corporation, a blank check company, intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was founded in 2021 and is based in New York, New York.

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