Hennessy Advisors, Inc. (NASDAQ:HNNA) Short Interest Update

Hennessy Advisors, Inc. (NASDAQ:HNNA) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 5,595 shares, a drop of 40.6% from the December 31st total of 9,413 shares. Based on an average daily trading volume, of 23,687 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 23,687 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Hennessy Advisors in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Hennessy Advisors Price Performance

Shares of Hennessy Advisors stock traded down $0.11 during trading on Friday, hitting $10.24. The stock had a trading volume of 28,957 shares, compared to its average volume of 19,633. The company has a debt-to-equity ratio of 0.41, a current ratio of 12.73 and a quick ratio of 12.72. The firm has a market cap of $80.79 million, a P/E ratio of 8.13 and a beta of 0.64. The business has a fifty day moving average of $9.94 and a two-hundred day moving average of $10.61. Hennessy Advisors has a fifty-two week low of $8.43 and a fifty-two week high of $13.19.

Hedge Funds Weigh In On Hennessy Advisors

Hedge funds have recently modified their holdings of the stock. Truffle Hound Capital LLC purchased a new stake in shares of Hennessy Advisors during the second quarter valued at $556,000. Susquehanna International Group LLP raised its holdings in Hennessy Advisors by 108.5% during the 3rd quarter. Susquehanna International Group LLP now owns 26,553 shares of the asset manager’s stock worth $280,000 after buying an additional 13,819 shares during the period. Citadel Advisors LLC purchased a new stake in Hennessy Advisors during the third quarter valued at about $218,000. Bridgeway Capital Management LLC boosted its holdings in shares of Hennessy Advisors by 6.7% in the second quarter. Bridgeway Capital Management LLC now owns 17,060 shares of the asset manager’s stock worth $215,000 after buying an additional 1,072 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Hennessy Advisors by 2.0% in the second quarter. Geode Capital Management LLC now owns 51,894 shares of the asset manager’s stock worth $654,000 after acquiring an additional 1,014 shares in the last quarter. 10.31% of the stock is currently owned by institutional investors and hedge funds.

Hennessy Advisors Company Profile

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.