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

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 585 shares, a decrease of 51.0% from the July 15th total of 1,193 shares. Based on an average trading volume of 20,877 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Hennessy Capital Investment Corp. VII

Institutional investors and hedge funds have recently bought and sold shares of the business. Cannon Global Investment Management LLC grew 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. Lineage Point Capital LP bought a new position in shares of Hennessy Capital Investment Corp. VII in the fourth quarter valued at about $104,000. Barclays PLC bought a new position in shares of Hennessy Capital Investment Corp. VII in the fourth quarter valued at about $104,000. Virtu Financial LLC bought a new position in shares of Hennessy Capital Investment Corp. VII in the fourth quarter valued at about $322,000. Finally, DLD Asset Management LP lifted its position in Hennessy Capital Investment Corp. VII by 31.3% during the 4th quarter. DLD Asset Management LP now owns 146,667 shares of the company’s stock worth $1,518,000 after buying an additional 34,965 shares in the last quarter.

Hennessy Capital Investment Corp. VII Trading Up 0.0%

Shares of NASDAQ HVII traded up $0.01 during mid-day trading on Friday, hitting $10.53. 6,478 shares of the stock were exchanged, compared to its average volume of 60,653. Hennessy Capital Investment Corp. VII has a twelve month low of $10.13 and a twelve month high of $10.99. The firm’s fifty day moving average price is $10.47.

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) last announced its earnings results on Wednesday, August 12th. The company reported $0.04 EPS for the quarter.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HVII shares. Benchmark began coverage on Hennessy Capital Investment Corp. VII in a report on Wednesday, April 29th. They set a “buy” rating for the company. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.