Churchill Capital Corp VII (NYSE:CVII) Sees Large Growth in Short Interest

Churchill Capital Corp VII (NYSE:CVIIGet Rating) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 64,800 shares, an increase of 22.0% from the May 15th total of 53,100 shares. Based on an average daily trading volume, of 471,500 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

NYSE CVII opened at $9.78 on Friday. Churchill Capital Corp VII has a 1-year low of $9.64 and a 1-year high of $9.88. The stock has a 50-day moving average of $9.78 and a 200-day moving average of $9.76.

A number of institutional investors have recently made changes to their positions in CVII. Apollo Management Holdings L.P. bought a new stake in Churchill Capital Corp VII in the third quarter valued at approximately $516,000. Toronto Dominion Bank raised its holdings in Churchill Capital Corp VII by 261.3% in the 4th quarter. Toronto Dominion Bank now owns 180,626 shares of the company’s stock worth $1,776,000 after purchasing an additional 130,626 shares during the period. Mariner Investment Group LLC raised its holdings in Churchill Capital Corp VII by 100.0% in the 4th quarter. Mariner Investment Group LLC now owns 20,000 shares of the company’s stock worth $197,000 after purchasing an additional 10,000 shares during the period. Bank of Montreal Can raised its holdings in Churchill Capital Corp VII by 4.4% in the 4th quarter. Bank of Montreal Can now owns 2,353,353 shares of the company’s stock worth $23,157,000 after purchasing an additional 100,000 shares during the period. Finally, Allianz Asset Management GmbH bought a new position in Churchill Capital Corp VII in the 4th quarter worth $1,150,000. 73.99% of the stock is currently owned by institutional investors and hedge funds.

Churchill Capital Corp VII Company Profile (Get Rating)

Churchill Capital Corp VII focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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