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

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 569 shares, a drop of 35.2% from the May 14th total of 878 shares. Based on an average daily volume of 160,473 shares, the days-to-cover ratio is currently 0.0 days.

Hennessy Capital Investment Corp. VII Stock Up 0.3%

NASDAQ:HVII traded up $0.03 on Tuesday, reaching $10.46. 1,173 shares of the company’s stock were exchanged, compared to its average volume of 62,357. Hennessy Capital Investment Corp. VII has a 52 week low of $10.13 and a 52 week high of $10.99. The company has a fifty day moving average of $10.41.

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) last issued its earnings results on Wednesday, May 13th. The company reported $0.02 earnings per share for the quarter.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Benchmark assumed coverage on shares of Hennessy Capital Investment Corp. VII in a research report on Wednesday, April 29th. They set a “buy” rating for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a research report on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Hedge Funds Weigh In On Hennessy Capital Investment Corp. VII

A number of large investors have recently modified their holdings of HVII. Highbridge Capital Management LLC bought a new position in shares of Hennessy Capital Investment Corp. VII in the fourth quarter valued at approximately $15,525,000. Verbena Value LP bought a new position in shares of Hennessy Capital Investment Corp. VII in the fourth quarter valued at approximately $12,655,000. HRT Financial LP bought a new position in shares of Hennessy Capital Investment Corp. VII in the fourth quarter valued at approximately $1,732,000. DLD Asset Management LP boosted its position in shares of Hennessy Capital Investment Corp. VII by 31.3% in the fourth quarter. DLD Asset Management LP now owns 146,667 shares of the company’s stock valued at $1,518,000 after acquiring an additional 34,965 shares during the period. Finally, Barclays PLC bought a new position in shares of Hennessy Capital Investment Corp. VII in the fourth quarter valued at approximately $104,000.

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.