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

Hennessy Capital Investment Corp. VII (NASDAQ:HVIIGet Free Report) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,725 shares, a decrease of 69.3% from the April 15th total of 5,619 shares. Based on an average daily volume of 25,068 shares, the short-interest ratio is presently 0.1 days.

Hennessy Capital Investment Corp. VII Price Performance

Shares of Hennessy Capital Investment Corp. VII stock opened at $10.42 on Wednesday. The business has a 50-day simple moving average of $10.36. Hennessy Capital Investment Corp. VII has a 1 year low of $10.01 and a 1 year high of $10.99.

Hennessy Capital Investment Corp. VII (NASDAQ:HVIIGet Free Report) last announced its quarterly earnings data on Friday, March 6th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Several brokerages recently issued reports on HVII. Benchmark began coverage on Hennessy Capital Investment Corp. VII in a research note on Wednesday, April 29th. They issued a “buy” rating for the company. Weiss Ratings began coverage on Hennessy Capital Investment Corp. VII in a research note on Thursday, February 5th. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Hennessy Capital Investment Corp. VII currently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on Hennessy Capital Investment Corp. VII

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Lineage Point Capital LP purchased a new position in Hennessy Capital Investment Corp. VII in the fourth quarter valued at about $104,000. Barclays PLC acquired a new position in Hennessy Capital Investment Corp. VII in the 4th quarter worth about $104,000. Virtu Financial LLC acquired a new position in Hennessy Capital Investment Corp. VII in the 4th quarter worth about $322,000. Cannon Global Investment Management LLC increased its position in Hennessy Capital Investment Corp. VII by 14.2% in the 1st quarter. Cannon Global Investment Management LLC now owns 58,000 shares of the company’s stock worth $600,000 after purchasing an additional 7,200 shares during the last quarter. Finally, Cantor Fitzgerald L. P. acquired a new position in Hennessy Capital Investment Corp. VII in the 4th quarter worth about $927,000.

About Hennessy Capital Investment Corp. VII

(Get Free Report)

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.

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