Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Sees Large Increase in Short Interest

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 55,604 shares, an increase of 2,137.6% from the August 15th total of 2,485 shares. Based on an average daily volume of 170,403 shares, the days-to-cover ratio is currently 0.3 days.

Hennessy Capital Investment Corp. VII Stock Down 2.2%

HVII stock traded down $0.24 during mid-day trading on Thursday, reaching $10.56. 15,388 shares of the stock traded hands, compared to its average volume of 67,232. The business has a 50-day moving average of $9.86 and a two-hundred day moving average of $10.20. Hennessy Capital Investment Corp. VII has a 52 week low of $6.25 and a 52 week high of $12.05.

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) last announced its earnings results on Wednesday, August 12th. The company reported $0.04 earnings per share for the quarter.

Institutional Investors Weigh In On Hennessy Capital Investment Corp. VII

A number of institutional investors have recently added to or reduced their stakes in the company. Lineage Point Capital LP bought a new stake in shares of Hennessy Capital Investment Corp. VII in the 4th quarter worth approximately $104,000. Barclays PLC acquired a new position in shares of Hennessy Capital Investment Corp. VII in the 4th quarter valued at $104,000. Virtu Financial LLC acquired a new stake in shares of Hennessy Capital Investment Corp. VII during the 4th quarter valued at about $322,000. Cannon Global Investment Management LLC raised its position in Hennessy Capital Investment Corp. VII by 14.2% in the first quarter. Cannon Global Investment Management LLC now owns 58,000 shares of the company’s stock worth $600,000 after purchasing an additional 7,200 shares in the last quarter. Finally, Cantor Fitzgerald L. P. bought a new position in Hennessy Capital Investment Corp. VII during the fourth quarter worth about $927,000.

Analysts Set New Price Targets

Several analysts recently commented on HVII shares. Wall Street Zen upgraded shares of Hennessy Capital Investment Corp. VII to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded shares of Hennessy Capital Investment Corp. VII from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hennessy Capital Investment Corp. VII presently has an average rating of “Hold”.

About Hennessy Capital Investment Corp. VII

Hennessy Capital Investment Corp. VII (NASDAQ: HVII) is a special purpose acquisition company (SPAC), commonly known as a blank-check company, formed to raise capital in a public offering for the purpose of identifying, negotiating and completing one or more business combinations. As a SPAC, its principal business activity is to locate and transact with a private operating company and provide that company with a path to become publicly traded through a de-SPAC merger or similar transaction.

The company’s operating activities center on sourcing potential acquisition targets, conducting due diligence, structuring and negotiating merger agreements, and arranging the financing needed to close transactions.