Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Short Interest Update

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 2,485 shares, a growth of 324.8% from the July 30th total of 585 shares. Based on an average daily trading volume, of 141,941 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Hennessy Capital Investment Corp. VII

Hedge funds have recently added to or reduced their stakes in the company. Highbridge Capital Management LLC bought a new position in shares of Hennessy Capital Investment Corp. VII during the 4th quarter valued at about $15,525,000. Verbena Value LP purchased a new position in shares of Hennessy Capital Investment Corp. VII during the fourth quarter worth approximately $12,655,000. HRT Financial LP bought a new stake in shares of Hennessy Capital Investment Corp. VII in the 4th quarter worth approximately $1,732,000. DLD Asset Management LP grew its stake in shares of Hennessy Capital Investment Corp. VII by 31.3% during the fourth quarter. DLD Asset Management LP now owns 146,667 shares of the company’s stock valued at $1,518,000 after buying an additional 34,965 shares during the last quarter. Finally, Barclays PLC purchased a new position in Hennessy Capital Investment Corp. VII in the 4th quarter worth approximately $104,000.

Hennessy Capital Investment Corp. VII Trading Down 3.3%

HVII traded down $0.26 on Wednesday, reaching $7.58. The company had a trading volume of 34,065 shares, compared to its average volume of 69,003. Hennessy Capital Investment Corp. VII has a 52-week low of $6.25 and a 52-week high of $10.99. The business has a 50 day simple moving average of $10.22 and a 200 day simple moving average of $10.32.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a report on Tuesday, June 9th. Benchmark started coverage on shares of Hennessy Capital Investment Corp. VII in a report on Wednesday, April 29th. They set a “buy” rating on the stock. Finally, Wall Street Zen raised shares of Hennessy Capital Investment Corp. VII to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Hennessy Capital Investment Corp. VII Company Profile

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.