Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) Sees Significant Drop in Short Interest

Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 455 shares, a decline of 60.4% from the May 14th total of 1,150 shares. Based on an average daily volume of 2,613 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Hennessy Capital Acquisition Corp. IV

A number of hedge funds have recently modified their holdings of HCACU. TrueMark Investments LLC bought a new position in Hennessy Capital Acquisition Corp. IV during the 4th quarter worth approximately $143,000. Gritstone Asset Management LLC acquired a new stake in Hennessy Capital Acquisition Corp. IV in the fourth quarter worth $250,000. Virtu Financial LLC acquired a new stake in Hennessy Capital Acquisition Corp. IV in the fourth quarter worth $303,000. Mint Tower Capital Management B.V. bought a new position in shares of Hennessy Capital Acquisition Corp. IV during the fourth quarter worth $501,000. Finally, Quarry LP acquired a new position in shares of Hennessy Capital Acquisition Corp. IV in the 4th quarter valued at $501,000.

Hennessy Capital Acquisition Corp. IV Trading Up 1.5%

NASDAQ:HCACU traded up $0.16 during mid-day trading on Friday, hitting $10.50. The company had a trading volume of 160 shares, compared to its average volume of 37,105. Hennessy Capital Acquisition Corp. IV has a fifty-two week low of $10.00 and a fifty-two week high of $11.90. The business’s fifty day moving average is $10.32 and its two-hundred day moving average is $10.20.

About Hennessy Capital Acquisition Corp. IV

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.