Hennessy Capital Investment Corp. VII (NASDAQ:HVIIU – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 53 shares, a growth of 89.3% from the June 30th total of 28 shares. Based on an average daily volume of 22 shares, the days-to-cover ratio is currently 2.4 days.
Hennessy Capital Investment Corp. VII Stock Performance
Shares of NASDAQ:HVIIU remained flat at $10.80 during trading on Friday. Hennessy Capital Investment Corp. VII has a 12 month low of $10.40 and a 12 month high of $14.00. The firm has a 50-day moving average price of $10.80 and a 200 day moving average price of $10.69.
About Hennessy Capital Investment Corp. VII
Hennessy Capital Investment Corp. VII is a special purpose acquisition company formed to identify and complete a business combination with a target company. Organized as a Cayman Islands exempted company, it raises capital through an initial public offering to pursue mergers, stock purchases, asset acquisitions and similar transactions.
Sponsored by Hennessy Capital Partners, an affiliate investment firm with expertise in building growth businesses, the SPAC focuses on sectors such as technology, consumer goods, financial services and business services.
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