Hennessy Capital Investment Corp. VII (NASDAQ:HVII – Get Free Report) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 569 shares, a decline of 35.2% from the May 14th total of 878 shares. Based on an average daily trading volume, of 160,473 shares, the days-to-cover ratio is currently 0.0 days.
Hennessy Capital Investment Corp. VII Price Performance
Hennessy Capital Investment Corp. VII stock traded down $0.01 during midday trading on Wednesday, hitting $10.45. 65,261 shares of the stock were exchanged, compared to its average volume of 62,919. The firm has a fifty day moving average price of $10.41. Hennessy Capital Investment Corp. VII has a 52 week low of $10.13 and a 52 week high of $10.99.
Hennessy Capital Investment Corp. VII (NASDAQ:HVII – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.02 earnings per share for the quarter.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on Hennessy Capital Investment Corp. VII
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cannon Global Investment Management LLC lifted its stake in Hennessy Capital Investment Corp. VII by 14.2% in the first quarter. Cannon Global Investment Management LLC now owns 58,000 shares of the company’s stock valued at $600,000 after buying an additional 7,200 shares in the last quarter. Lineage Point Capital LP bought a new position in Hennessy Capital Investment Corp. VII in the fourth quarter valued at approximately $104,000. Barclays PLC bought a new position in Hennessy Capital Investment Corp. VII in the fourth quarter valued at approximately $104,000. Virtu Financial LLC bought a new position in Hennessy Capital Investment Corp. VII in the fourth quarter valued at approximately $322,000. Finally, DLD Asset Management LP lifted its stake in 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 buying an additional 34,965 shares in the last quarter.
About Hennessy Capital Investment Corp. VII
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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