Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) Sees Large Decrease in Short Interest

Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,011 shares, a decrease of 49.3% from the April 15th total of 1,995 shares. Based on an average daily trading volume, of 755 shares, the days-to-cover ratio is currently 1.3 days.

Hennessy Capital Acquisition Corp. IV Price Performance

Shares of HCACU stock opened at $10.30 on Monday. The stock has a 50 day simple moving average of $10.27 and a 200-day simple moving average of $12.01. Hennessy Capital Acquisition Corp. IV has a 1-year low of $10.00 and a 1-year high of $11.19.

Institutional Trading of Hennessy Capital Acquisition Corp. IV

Several large investors have recently added to or reduced their stakes in HCACU. Adage Capital Partners GP L.L.C. purchased a new stake in Hennessy Capital Acquisition Corp. IV in the 4th quarter valued at $16,232,000. Meteora Capital LLC purchased a new stake in Hennessy Capital Acquisition Corp. IV in the 4th quarter valued at $11,560,000. Saba Capital Management L.P. purchased a new stake in Hennessy Capital Acquisition Corp. IV in the 4th quarter valued at $8,721,000. Verition Fund Management LLC purchased a new stake in Hennessy Capital Acquisition Corp. IV in the 4th quarter valued at $8,186,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Hennessy Capital Acquisition Corp. IV in the 4th quarter valued at $8,016,000.

About Hennessy Capital Acquisition Corp. IV

Hennessy Capital Acquisition Corp. IV does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company was founded in 2018 and is based in Wilson, Wyoming.