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

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) saw a large growth in short interest in 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 daily volume of 42,490 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Hennessy Capital Investment Corp. VII

Institutional investors have recently bought and sold shares of the business. Highbridge Capital Management LLC acquired a new stake in Hennessy Capital Investment Corp. VII during the 4th quarter valued at approximately $15,525,000. Sculptor Capital LP acquired a new stake in shares of Hennessy Capital Investment Corp. VII in the fourth quarter worth $3,654,000. Aventail Capital Group LP acquired a new stake in shares of Hennessy Capital Investment Corp. VII in the fourth quarter worth $14,413,000. Lineage Point Capital LP purchased a new position in shares of Hennessy Capital Investment Corp. VII during the fourth quarter worth $104,000. Finally, Cannon Global Investment Management LLC raised its holdings in shares of 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 purchasing an additional 7,200 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have weighed in on HVII. Benchmark initiated coverage on shares of Hennessy Capital Investment Corp. VII in a research report on Wednesday, April 29th. They set a “buy” rating on the stock. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Hennessy Capital Investment Corp. VII Stock Performance

Hennessy Capital Investment Corp. VII stock opened at $10.45 on Thursday. The company’s 50-day moving average price is $10.43. Hennessy Capital Investment Corp. VII has a fifty-two week low of $10.13 and a fifty-two week high of $10.99.

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

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.