Hennessy Capital Investment Corp VIII (NASDAQ:HCICU) Sees Large Increase in Short Interest

Hennessy Capital Investment Corp VIII (NASDAQ:HCICU) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,650 shares, an increase of 733.3% from the May 14th total of 318 shares. Based on an average daily volume of 986 shares, the short-interest ratio is presently 2.7 days.

Hennessy Capital Investment Corp VIII Stock Performance

HCICU stock traded up $0.01 during mid-day trading on Wednesday, hitting $10.09. 517 shares of the company were exchanged, compared to its average volume of 72,249. The business has a 50 day simple moving average of $10.02. Hennessy Capital Investment Corp VIII has a 1-year low of $9.80 and a 1-year high of $10.27.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Hennessy Capital Investment Corp VIII to a “hold” rating in a report on Monday, February 16th.

About Hennessy Capital Investment Corp VIII

Hennessy Capital Investment Corp VIII (NASDAQ: HCICU) is a special purpose acquisition company (SPAC), commonly described as a blank?check company, that was formed to raise capital through an initial public offering and to identify and complete a business combination with one or more operating businesses. As a SPAC, HCICU’s primary activity is to locate suitable target companies and effect a merger, acquisition or similar transaction that transfers an operating company to public markets via the SPAC structure.