Hennessy Advisors, Inc. (NASDAQ:HNNA) Short Interest Up 49.2% in December

Hennessy Advisors, Inc. (NASDAQ:HNNA) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 9,413 shares, a growth of 49.2% from the December 15th total of 6,309 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 28,254 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 28,254 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Hennessy Advisors in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Hennessy Advisors

Several large investors have recently modified their holdings of HNNA. Geode Capital Management LLC lifted its holdings in Hennessy Advisors by 2.0% in the second quarter. Geode Capital Management LLC now owns 51,894 shares of the asset manager’s stock valued at $654,000 after buying an additional 1,014 shares during the period. Bridgeway Capital Management LLC raised its position in shares of Hennessy Advisors by 6.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 17,060 shares of the asset manager’s stock worth $215,000 after acquiring an additional 1,072 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in shares of Hennessy Advisors by 1.8% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 68,600 shares of the asset manager’s stock valued at $864,000 after purchasing an additional 1,204 shares during the period. Susquehanna International Group LLP boosted its position in shares of Hennessy Advisors by 108.5% during the 3rd quarter. Susquehanna International Group LLP now owns 26,553 shares of the asset manager’s stock valued at $280,000 after purchasing an additional 13,819 shares in the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in shares of Hennessy Advisors during the 2nd quarter valued at about $190,000. 10.31% of the stock is currently owned by institutional investors and hedge funds.

Hennessy Advisors Trading Down 1.4%

NASDAQ:HNNA traded down $0.14 during trading hours on Friday, hitting $10.22. 4,842 shares of the company were exchanged, compared to its average volume of 26,006. The stock has a market capitalization of $80.66 million, a price-to-earnings ratio of 8.11 and a beta of 0.64. Hennessy Advisors has a one year low of $8.43 and a one year high of $13.19. The company has a fifty day simple moving average of $9.88 and a 200 day simple moving average of $10.76. The company has a current ratio of 12.73, a quick ratio of 12.72 and a debt-to-equity ratio of 0.41.

Hennessy Advisors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a $0.1375 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $0.55 annualized dividend and a yield of 5.4%. Hennessy Advisors’s dividend payout ratio is presently 43.65%.

About Hennessy Advisors

Hennessy Advisors, Inc is an investment advisory firm specializing in the management of closed-end and open-end funds, as well as separate account strategies. Serving as the investment adviser to a family of publicly traded closed-end funds and a series of mutual funds, the company focuses on generating income and total return for its shareholders by deploying a range of equity and fixed-income strategies. Hennessy Advisors is registered with the U.S. Securities and Exchange Commission and operates under the Investment Advisers Act of 1940.

The firm’s product lineup includes multiple closed-end funds that invest in U.S.