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

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,215 shares, a growth of 113.5% from the May 31st total of 569 shares. Based on an average trading volume of 42,490 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

HVII has been the subject of several recent analyst reports. Benchmark assumed coverage on shares of Hennessy Capital Investment Corp. VII in a report on Wednesday, April 29th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hennessy Capital Investment Corp. VII Stock Performance

HVII opened at $10.43 on Tuesday. Hennessy Capital Investment Corp. VII has a twelve month low of $10.13 and a twelve month high of $10.99. The stock’s 50-day simple moving average is $10.42.

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.02 EPS for the quarter.

Institutional Investors Weigh In On Hennessy Capital Investment Corp. VII

Several hedge funds and other institutional investors have recently made changes to their positions in HVII. Cannon Global Investment Management LLC boosted its stake in Hennessy Capital Investment Corp. VII by 14.2% during the first quarter. Cannon Global Investment Management LLC now owns 58,000 shares of the company’s stock worth $600,000 after buying an additional 7,200 shares during the last quarter. Lineage Point Capital LP acquired a new stake in shares of Hennessy Capital Investment Corp. VII in the 4th quarter worth $104,000. Virtu Financial LLC acquired a new stake in shares of Hennessy Capital Investment Corp. VII in the 4th quarter worth $322,000. Rivernorth Capital Management LLC increased its stake in shares of Hennessy Capital Investment Corp. VII by 37.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 399,024 shares of the company’s stock worth $4,130,000 after acquiring an additional 109,024 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Hennessy Capital Investment Corp. VII during the 4th quarter worth $3,492,000.

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.