Short Interest in Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) Drops By 48.1%

Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 236 shares, a decline of 48.1% from the May 31st total of 455 shares. Based on an average daily trading volume, of 1,542 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealthspring Capital LLC bought a new position in shares of Hennessy Capital Acquisition Corp. IV during the 4th quarter valued at $2,505,000. Context Capital Management LLC bought a new stake in shares of Hennessy Capital Acquisition Corp. IV in the fourth quarter worth $6,513,000. Highbridge Capital Management LLC bought a new stake in shares of Hennessy Capital Acquisition Corp. IV in the fourth quarter worth $3,509,000. Magnetar Financial LLC purchased a new stake in Hennessy Capital Acquisition Corp. IV during the fourth quarter valued at $5,012,000. Finally, MMCAP International Inc. SPC purchased a new stake in Hennessy Capital Acquisition Corp. IV during the fourth quarter valued at $1,754,000.

Hennessy Capital Acquisition Corp. IV Price Performance

HCACU traded up $0.01 during midday trading on Wednesday, hitting $10.30. 102 shares of the company traded hands, compared to its average volume of 33,616. The company’s 50-day moving average is $10.33 and its 200 day moving average is $10.23. Hennessy Capital Acquisition Corp. IV has a 52 week low of $10.00 and a 52 week high of $11.90.

Hennessy Capital Acquisition Corp. IV Company Profile

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.