Because everything is part of a spectrum, I don't think it's even possible to answer this. There are the extremes… very manic, very depressed. Everything else would fall somewhere between these two. Think of a Bell Curve. The closer you get to the middle, the more common the experience would be. It would be seen as "normal". The further out you get in either direction is going to reflect fewer people's experience.

I'll grant that the cut-off points defining pathological are fairly arbitrary, but the further you go is naturally going to affect/impact people's lives in a negative way. Diagnoses are based on how negatively these experiences impact one's life. So, their experience would head in the direction of what would be defined as hypomania (ie. it would move from the center-- the pinnacle of "normalness", so to speak, of the Bell Curve).

But. It's unlikely to last as long or impact their life in a significantly negative way. Which is to say it wouldn't meet the criteria to bother to be called hypomania. So, essentially yes, but no.

That's my take on it anyway, fwiw. Hope it makes sense.